Question: A $ 6 , 6 0 0 loan at 1 1 . 3 5 % compounded monthly is to be repaid by three equal payments

A $6,600 loan at 11.35% compounded monthly is to be repaid by three equal payments due
3,6, and 12 months after the date of the loan. Calculate the size of each payment. (Do not
round intermediate calculations and round your final answer to 2 decimal places.)
Each Ioan payment
$
A $6,600 loan at 11.35% compounded monthly is to be repaid

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