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A $6,700 loan at 11.45% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of
A $6,700 loan at 11.45% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of the loan. Calculate the size of each payment. (Do not round intermediate calculations and round your final answer to 2 decimal places.) 
5 A $6,700 loan at 11.45% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of the loan. Calculate the size of each payment. (Do not round intermediate calculations and round your final answer to 2 decimal places Each loan payment
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
