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Ravindran borrowed $ 1 5 , 0 0 0 that is to be settled with the following three installments: the first payment of $ 1
Ravindran borrowed $ that is to be settled with
the following three installments: the first payment of
$ in four months and two equal payments, one in
six months and the other in one year. Calculate the size
of each of the equal payments if the interest charged was
pa Let the focal date be one year from now.
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