Essay
A loan of $1825 taken out on March 10 requires equal payments on April 30, June 19, and August 3, and a final payment of $700 on September 30. If the focal date is September 30, what is the size of the equal payments at 8.6%?
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Correct Answer:
Verified
Let the size of the equal payments be $x...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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