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A man receives a loan of $ x . A payment of $ 8 2 1 is made 6 8 days later. A second payment
A man receives a loan of $ A payment of $ is made days later. A second payment of $ is paid days after the first payment. A third payment of $ is due days after the second payment, after which the loan balance is The loan is charged a simple interest rate of What is X if the Declining Balance Method is used? Answer: $
A man receives a loan of $ A payment of $ is made days later. A second payment of $ is paid days after the first payment. A third payment of $ is due days after the second payment, after which the loan balance is The loan is charged a simple interest rate of What is X if the Declining Balance Method is used?
Answer: $
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