Please make a step to solve this thank you. An investment of $100,000 is to...
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Finance
Please make a step to solve this thank you. An investment of $100,000 is to be used to make payments of $4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find the size of the smaller final payment if the payment is to be made during the year following the last regular payment.
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