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A loan of $12,550 today is to be repaid by 2 equal payments due in 1 years and 4 years respectively. Determine the size
A loan of $12,550 today is to be repaid by 2 equal payments due in 1 years and 4 years respectively. Determine the size of the equal payments at 5.60% compounded quarterly. Round your final answer to two decimals. Do not round intermediate steps. Do not include the dollar sign ($) in your answer. For example, $89.36 input as 89.36. Your Answer:
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
