The interest rate on a $3000 loan advanced on March 1 was 10.2%. What must the first

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The interest rate on a $3000 loan advanced on March 1 was 10.2%. What must the first payment on April 13 be in order that two subsequent payments of $1100 on May 27 and $1100 on July 13 settle the loan?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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The interest rate on a $3000 loan advanced on March 1 was 10.2%. What must the first

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Business Mathematics In Canada

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