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Financial calculators and excel are not allowed. I need step by step workouts of the problem. Thank you! 10. A debtor agrees to make equal

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Financial calculators and excel are not allowed. I need step by step workouts of the problem. Thank you!

10. A debtor agrees to make equal monthly payments of $175 for 15 months to settle a debt. The debtor misses the first six payments. How much would be needed to settle the debt at the time of the 7th payment, if the interest rate is 7.2% compounded monthly

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