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Fishing Designs has arranged to borrow $14,000 today at 11% interest. The loan is to...

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Fishing Designs has arranged to borrow $14,000 today at 11% interest. The loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4. At the end of year 5, the remainder will be paid. What is the year 5 payment? $. Round entry to the nearest dollar. Tolerance is 04. Click here to access the TVM Factor Table Calculator

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