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    A $3000 Loan at 5% Was Made on March 1
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A $3000 Loan at 5% Was Made on March 1

Question 53

Question 53

Short Answer

A $3000 loan at 5% was made on March 1. Two payments of $1000 each were made on May 1 and June 1. What payment on July 1 will pay off the loan?

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