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QUESTIONS You receive a 4-year $13,000 negative amortization loan with an interest rate of 7% p.a., to be repaid in four annual installments. The loan

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QUESTIONS You receive a 4-year $13,000 negative amortization loan with an interest rate of 7% p.a., to be repaid in four annual installments. The loan requires that you make total payments of S500 at t - 1. 200 at t-2and $300 at t - 3, with the remaining loan balance paid at maturity. What is the total payment amount at i = 4. rounded to the nearest dollar

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