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A loan of $4019 borrowed today is to be repaid in three equal installments due in one year, four years, and five-and-a-half years, respectively. What
A loan of $4019 borrowed today is to be repaid in three equal installments due in one year, four years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 7.6% compounded monthly
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