Question: A $ 8 , 0 0 0 loan borrowed today is to be repaid by 3 equal payments due 1 0 months from now, 1

A $8,000 loan borrowed today is to be repaid by 3 equal payments due 10 months from now, 1 year and 5 months from now and 3 years from now. Calculate the size of each payment if money is worth 5.14% compounded monthly.
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A $8,000 loan borrowed today is to be repaid by 3

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