Question: A man borrows $ 8 4 0 0 . A payment of $ 1 7 3 7 is made 7 2 days later. A second
A man borrows $ A payment of $ is made days later. A second payment of $ is paid days after the first payment. A third payment of is due days after the second payment, after which the loan balance is The loan is charged a simple interest rate of What is if the Merchant's rule is used?
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