A loan of $30,000 at 5% p.a. is to be settled with three equal installments in three
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A loan of $30,000 at 5% p.a. is to be settled with three equal installments in three months, six months, and nine months. Calculate the size of each of the equal payments. Let the focal date be six months from now.
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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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