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The final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as
The final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) A debt of $9434.32 is repaid by payments of $1290.53 in 6 months, $957.45 in 14 months, and a final payment in 30 months. If interest was 8% compounded quarterly, what was the amount of the final payment?
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
