A loan of $ 1465 taken out on June 7 requires three payments. The first payment is due on July 7 . The second payment
A loan of $ 1465 taken out on June 7 requires three payments. The first payment is due on July 7 . The second payment is twice as large as the first payment and is due on August 20 . The final payment, due on November 03 , is three times as large as the first payment. If the focal date is June 7 , what is the size of each of the three payments at an interest rate of 4.7 %?
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Authors: Assaf Kedem
1st Edition
1119356725, 978-1119356721
