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Question 11 (1 point) Charles just borrowed $2,900.00 and agreed to repay it with three equal payments. The first will be in 2 months, the

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Question 11 (1 point) Charles just borrowed $2,900.00 and agreed to repay it with three equal payments. The first will be in 2 months, the second in 4 months and the third in 6 months. Using a simple interest rate of 4.00% per annum, calculate the size of each payment. Use today as the focal date and express your answer to 2 decimal places. Your

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