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A loan of $5,200 at 5.75% is to be repaid by three equal payments due four, six, and eight months after the date on whic
Posted: Tue Nov 16, 2021 9:22 am
by answerhappygod
- A Loan Of 5 200 At 5 75 Is To Be Repaid By Three Equal Payments Due Four Six And Eight Months After The Date On Whic 1 (14.12 KiB) Viewed 60 times
A loan of $5,200 at 5.75% is to be repaid by three equal payments due four, six, and eight months after the date on which the money was advanced. Calculate the amount of each payment. Use the loan date as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment $ 1,783.58