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roblem #5: A loan of $36,000 is paid off in 36 payments at the end of each month in the following way: Payments of $900
roblem \#5: A loan of $36,000 is paid off in 36 payments at the end of each month in the following way: Payments of $900 are made at the end of the month for the first 12 months. Payments of $900+x are made at the end of the month for the second 12 months. Payments of $900+2x are made at the end of the month for the last 12 months. What should x be if the nominai monthly rate is 9.2% ? Problem =5 Answer correct to 2 decimals
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