A $9000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days,

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A $9000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days, respectively, after the date of the loan. Calculate the size of these payments if the interest rate on the loan is 7 ¼ %. Use the loan date as the focal date

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:12 AM

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A $9000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days,

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Business Mathematics In Canada

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