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Jasmine just borrowed $3,545.00 and agreed to repay it with two payments. The first payment will occur in 5 months. The second payment will be twice as big as the first and will occur in 8 months. Using a simple interest rate of 5.75% per annum, calculate the size of the first payment. Use today as the focal date and express your answer to 2 decimal places

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Modeling the Dynamics of Life Calculus and Probability for Life Scientists

Authors: Frederick R. Adler

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