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Review Problem 9 # 3 0 algo ( LO 6 ) Three equal payments were made one, two, and three years after the date on

Review Problem 9 #30 algo (LO6)
Three equal payments were made one, two, and three years after the date on which a $14,500 loan was granted at 10.5%
compounded monthly. If the balance immediately after the third payment was $5,781.94, what was the amount of each payment?
not round intermediate calculations and round your final answer to 2 decimal places.)
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