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Question 4 You owe your best friend $2,000. Because you are short of cash, you offer to repay the loan over 12 months under the

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Question 4 You owe your best friend $2,000. Because you are short of cash, you offer to repay the loan over 12 months under the following condition. The first payment will be $300 at the end of month one. The second payment will be $300-G at the end of month two. At the end of month three, you'll repay $300 - 2G. This pattern of decreasing G amounts will continue for all remaining months. (a) What is the value of G if the interest rate is 0.5% per month? (b) What is the equivalent uniform monthly payment

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