What should be the amount of each payment if a $2500 loan at 8 % is

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What should be the amount of each payment if a $2500 loan at 8 ¾ % is to be repaid by three equal payments due two months, four months, and seven months following the date of 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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What should be the amount of each payment if a $2500 loan at 8 % is to be repaid by three equal payments due two months, four months, and seven months following the date of the loan?
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What should be the amount of each payment if a $2500 loan at 8 % is

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Business Mathematics In Canada

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