question archive A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months

A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months

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A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months. If interest is 9% compounded monthly, what is the size of the final payment?

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