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To buy a truck, a company can opt for a loan under the following conditions: pay for 7 years equal installments of 550,000 at the

To buy a truck, a company can opt for a loan under the following conditions: pay for 7 years equal installments of 550,000 at the end of each two-month period at an effective bimonthly interest rate of 3% and a final payment of 2,000,000 a semester later. What would be the cash value of the truck?

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