A loan of $50,000 at 8 percent compounded annually is to be paid off in 25 years by uniform annual payments beginning at the end of the first year. These annual payments proceed on schedule until the end of the eighth year, when the borrower is unable to pay and misses the payment. He negotiafes with the lender to increase the remaining! 17 pay, ments in such a way that the fender continues to receive 8 percent. What is the amount of the original and the final payments in the series?

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