Nora borrows $37 500 on September 28, 2023, at 7% p.a. simple interest, to be repaid on
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Nora borrows $37 500 on September 28, 2023, at 7% p.a. simple interest, to be repaid on October 31, 2024. She has the option of making payments toward the loan before the due date. Nora pays $6350 on February 17, 2024, $8250 on July 2, 2024, and $7500 on October 1, 2024. Compute the payment required to pay off the debt on the focal date of October 31, 2024.
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Related Book For 
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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