2. A $3000 loan on March 1 was repaid by payments of $700 on March 31, $1200...
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2. A $3000 loan on March 1 was repaid by payments of $700 on March 31, $1200 on June 15 and final payment on August 31. What was the final payment if the interest rate on the loan was 7.25%? (7 marks)
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