A $2,700 loan at 7.2% was repaid by two equal payments made 30 days and 60 days after the date of the loan. Determine th

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A $2,700 loan at 7.2% was repaid by two equal payments made 30 days and 60 days after the date of the loan. Determine th

Post by answerhappygod »

A 2 700 Loan At 7 2 Was Repaid By Two Equal Payments Made 30 Days And 60 Days After The Date Of The Loan Determine Th 1
A 2 700 Loan At 7 2 Was Repaid By Two Equal Payments Made 30 Days And 60 Days After The Date Of The Loan Determine Th 1 (11.21 KiB) Viewed 87 times
A $2,700 loan at 7.2% was repaid by two equal payments made 30 days and 60 days after the date of the loan. Determine the amount of each payment. Use the loan date as the focal date. (Use 365 days a year. Do not round Intermediate calculations and round your final answer to 2 decimal places.) Loan payment $ 1,361.61
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply