Question: 6. Show work, please. No excel (6) You are given the following on a loan made on 1/1/2009. The number of payments is ten, teh

6. Show work, please. No excel

6. Show work, please. No excel (6) You are given the following

(6) You are given the following on a loan made on 1/1/2009. The number of payments is ten, teh amount of each payment is $5,000, the date of the first payment is 12/31/2009, the interest rate is 8% compounded annually. Immediately after the sixth payment, an additional 10,000 payment is made. The loan is reamortized over a longer term to provide for anmual payments of $1,000 and a final smaller payment of X paid one year after the last $1,000 payment. Find X

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