You have a loan outstanding. It requires making six annual
payments of $ 7,000 each at the end of the next six years. Your
bank has offered to restructure the loan so that instead of making
the six payments as originally agreed, you will make only one
final payment in six years. If the interest rate on the loan is
9%, what final payment will the bank require you to make so that
it is indifferent to the two forms of payment?
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