Question
More of an arithmetic or clarification: A loan of amount 1000 at a nominal annual interest rate of 12% compounded monthly is repaid by 6
More of an arithmetic or clarification:
A loan of amount 1000 at a nominal annual interest rate of 12% compounded monthly is repaid by 6 monthly payments, starting one month after the loan is made the first 3 payments are amount X each and the final three payments are amount 2X each.
To solve for X we have 1000=Xa angle (3) at i=.01 +2X
a angle (3) at i=.01
Now, how do I plug that into a BA II Plus or manipulate the equation on paper to get my answers for X? Also, what is the 
referring to in the problem? Thanks!
Which X=115.61 and 2X=231.21
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Investing In Justice An Introduction To Legal Finance Lawsuit Advances And Litigation Funding
Authors: Max Volsky
1st Edition
0988510502, 978-0988510500
