(All Steps) A owes B the sum of $5000 and agrees to pay B the sum of $1000 at the end of each year for five years and a final payment at the end of the
Question: A owes \(B\) the sum of $5000 and agrees to pay B the sum of $1000 at the end of each year for five years and a final payment at the end of the sixth year. How much should the final payment be if interest is at 8% compounded annually?
Deliverable: Word Document 
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Solution: Real-Estate Loan A person is amortizing a 48 -month loan
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