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10 A debt of $15,000 is due today. Instead, the borrower agrees to make one payment of $5,000 in 6 months and 2 equal payments
10 A debt of $15,000 is due today. Instead, the borrower agrees to make one payment of $5,000 in 6 months and 2 equal payments in 3 months and 12 months from today, with simple interest charged at 6%. What is the size of each payment? Use 6 months as the focal date
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