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3. A loan of $50,000 due in one year is to be repaid by three equal payments due today, six months from now, and one

3. A loan of $50,000 due in one year is to be repaid by three equal payments due today, six months from now, and one year from now. What is the amount of the equal payments if interest is 6.5% (simple interest) and the focal date is today

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