Question: A $7500 loan will be paid off by four equal payments to be made 2, 5, 9, and 12 months after the date of the

A $7500 loan will be paid off by four equal payments to be made 2, 5, 9, and 12 months after the date of the loan. What is the amount of each payment if the interest rate on the loan is 9.9%?

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