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) 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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