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A $19,000 loan borrowed today is to be repaid by 3 equal payments due 8 months from now, 1 year and 5 months from now,

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A $19,000 loan borrowed today is to be repaid by 3 equal payments due 8 months from now, 1 year and 5 months from now, and 6 years from now. Calculate the size of each payment if money is worth 2.16 % compounded monthly. It is recommended that you draw a TIMELINE on paper, but a timeline is not required in your solution in the textbox

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