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You borrowed $450,000 from a bank at an interest rate of 50% compounded quarterly to purchase a new house. You will pay off the loan
You borrowed $450,000 from a bank at an interest rate of 50% compounded quarterly to purchase a new house. You will pay off the loan in monthly installments over two years. If you want to pay the remainder of the loan in a single payment immediately after 10th payment, how much do you have to pay
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