A $2,900 loan at 7.4% was repaid by two equal payments made 30 days and 60 days

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A $2,900 loan at 7.4% 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.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Posted Date: Sep 18, 2022 09:46 PM

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A $2,900 loan at 7.4% was repaid by two equal payments made 30 days and 60 days

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Fundamentals Of Business Mathematics In Canada

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