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To borrow $1,800, you are offered an add-on interest loan at 6 percent. Three loan payments are to be made, one at four months, another

To borrow $1,800, you are offered an add-on interest loan at 6 percent. Three loan payments are to be made, one at four months, another at eight month, and the last one at the end of the year. Compute the three equal payments.

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