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You have an outstanding. It requires making five annual payments of $4,000 each at the end of the next five years. Your bank has offered
You have an outstanding. It requires making five annual payments of $4,000 each at the end of the next five years. Your bank has offered to allow you to akp making the next four paytrends in lieu of making one large ptyment at the end of the loan's term in five years. If the interest rate on the lean is 7%, what Snal payment wit the bank require you to make so that it is indiferent to the two forms of payment AD The final payment the bank wil require you to make st (Round to the nearest dicer)
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