Question: What should be the amount of each payment if a $2500 loan at 8 % is to be repaid by three equal payments due

What should be the amount of each payment if a $2500 loan at 8 ¾ % is to be repaid by three equal payments due two months, four months, and seven months following the date of the loan?

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What should be the amount of each payment if a $2500 loan at 8 % is to be repaid by three equal payments due two months, four months, and seven months following the date of the loan?

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