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Posted on Jul 25, 2024

A $ 1 0 , 3 0 0 loan is to be repaid in three equal payments occurring 6 0 , 1 8 0 ,

A $

10, 300

loan is to be repaid in three equal payments occurring

60, 180,

and

300

days, respectively, after the date of the loan. Calculate the size of these payments if the interest rate on the loan is

7 4 / 5 % .

Use the loan date as the focal date?

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