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You have a loan outstanding it requires making five annual payments of 55,000 nach at the end of the next fivi years. Your bank has

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You have a loan outstanding it requires making five annual payments of 55,000 nach at the end of the next fivi years. Your bank has offered to allow you to skip making the next four payments in lieu of making one large payment at the end of the loan's term in five yeart. If the interest rate on the loan is 5%. what final payment wilf the bank require you to make so that it is indiferent to the two formit of payment? The final payment the bank will require you to make is s (Round to the nearest dollar)

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