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A loan of $ 1 4 7 5 taken out on June 7 requires three payments. The first payment is due on July 7 .
A loan of $ taken out on June requires three payments. The first payment is due on July The second payment is twice as large as the first payment and is due on August The final payment due on November is three times as large as the first payment. If the focal date is June what is the size of each of the three payments at an interest rate of
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