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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
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? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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