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correct answer is 475.08 just explain how to solve it Timothy received a loan of $7,000 at 5.50% compounded monthly. She settled the loan by
correct answer is 475.08 just explain how to solve it
Timothy received a loan of $7,000 at 5.50% compounded monthly. She settled the loan by making periodic payments at the end of every three months for 5 years, with the first payment made 3 years and 3 months from now. What was the size of the periodic payments? $ 0.00 X Round to the nearest cent Timothy received a loan of $7,000 at 5.50% compounded monthly. She settled the loan by making periodic payments at the end of every three months for 5 years, with the first payment made 3 years and 3 months from now. What was the size of the periodic payments? $ 0.00 X Round to the nearest cent Step by Step Solution
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