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To settle a debt with interest at 17.5% compounded quarterly, Jacob agrees to pay 16 payments of $455 at the end of each Y2 year
To settle a debt with interest at 17.5% compounded quarterly, Jacob agrees to pay 16 payments of $455 at the end of each Y2 year as well as two administrative costs, one halfway through the payments and one 6 months after the last payment both for an amount of $320. What was Jacob's debt
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