A loan of $5000 is to be repaid in three equal installments due 60, 120, and 180

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A loan of $5000 is to be repaid in three equal installments due 60, 120, and 180 days after the date of the loan. If the focal date is the date of the loan and interest is 6.9% p.a., compute the amount of the installments.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:42 AM

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A loan of $5000 is to be repaid in three equal installments due 60, 120, and 180

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Contemporary Business Mathematics with Canadian Applications

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