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Previous Problem Problem List Next Problem (1 point) A man borrows $8950. A payment of $2836 is made 95 days later. A second payment of

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Previous Problem Problem List Next Problem (1 point) A man borrows $8950. A payment of $2836 is made 95 days later. A second payment of $509 is paid 185 days after the first payment. A third payment of X is due 22 days after the second payment, after which the loan balance is 0. The loan is charged a simple interest rate of r = 8.75%. What is X, if the Merchanteus rule is used? Answer: $

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