A person borrows $12636 at 5 57 per annum simple interest She is to repay the debt with 3 equal payments, the 1st at the end of 5 months, the 2nd at the end of 10 months and the 3rd at the end of 15 months Determine the size of the payments using the focal date of 0 month A) $ 4411 26 B) $ 4409 26 C) $ 4406 06 D) $ 4410 26

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A person borrows $12636 at 5 57  per annum simple interest  She is to repay the debt with 3 equal payments, the 1st at the end of 5 months, the 2nd at the end of 10 months and the 3rd at the end of 15 months  Determine the size of the payments using the focal date of 0 month  A) $ 4411 26 B) $ 4409 26 C) $ 4406 06 D) $ 4410 26

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Question

A person borrows $12636 at 5.57% per annum simple interest. She is to repay the debt with 3 equal payments, the 1st at the end

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