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Determine the size of the concluding payment

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Reference no: EM132390813

Kim takes her inheritance of $50000 and invests it at j12= 6% today.

How many full monthly payments of $5900 can she expect to receive if she receives her first payment in one month from today?

Determine the size of the concluding payment if the final payment is a 'balloon' payment.

Reference no: EM132390813

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