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You would like to borrow 6000 at 5.6% for 7 years, but want to pay only 450 at the end of each of the first
You would like to borrow 6000 at 5.6% for 7 years, but want to pay only 450 at the end of each of the first 2 years and then make a larger payment at the end of each of the final 5 years. What is the annual payment amount for the final 5 years? Answer =
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