A loan of $8000 today is to be repaid in three equal payments in 60 days 120 days and 180 days. Assuming a simple interest rate of 99 what should be the amount of the equal payments? Hint: Use today as the focal date. Answer Check Nebuchadnezzar decides to buy a new Acura car. He puts the money nended $48513 out of an investment he has held for 14 months at an interest rate of 89. How much did he initially inwest? Answers Check