A loan of $15,000 at 9% p.a. is to be settled in three installments as follows: first
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A loan of $15,000 at 9% p.a. is to be settled in three installments as follows: first payment of $5000 in three months, and two equal payments, one in six months and the other in nine months. Calculate the size of each of the equal payments. Let the focal date be three months from now.
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Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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