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plz solve quickly standard view This courses 01127 13 5.00 It is a custom that Banks reduce the interest on the loan if interest rates

plz solve quickly
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standard view This courses 01127 13 5.00 It is a custom that Banks reduce the interest on the loan if interest rates declined in the country before the loan was fully .repaid Taking this opportunity Fareed decided to borrow $13000 from the bank, which he will repay in six equal end-of-year payments at 8%. Later. At the end of 3 years, at the time of the third payment, the bank reduced the interest rate from .8% to 7% on the remaining debt As a result, the amount of the equal annual end-of-year payments for each of the first 3 years and the amount of the tequal annual end-of-year payments for each of the last 3 years are and $2761.55 $2911.90 AO and $2761.55 $2811.90 and $2961.55 $2811.90 .CO and $2961.55 $2911.90 DO

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