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Item 5 A $2,200 loan at 6.7% was repaid by two equal payments made 30 days and 60 days after the date of the loan.

Item 5 A $2,200 loan at 6.7% was repaid by two equal payments made 30 days and 60 days after the date of the loan. Determine the amount of each payment. Use the loan date as the focal date

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