Question: Jason owes $ 4 2 0 0 0 due at the end of 3 years with interest at j 4 = 2 . 5 %
Jason owes $ due at the end of years with interest at In order to payoff the loan Jason decides to make deposits in a fund that earns The first deposit is $ at the end of months and $ at the end of months. Determine using the end of years as a focal date?
Answer: $
Note: Do not round any intermediate calculations.
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