Question: Answer Quiz 7 9 points possible Answered: 3/8 Question 6 Katherine borrowed $4,220 today and is to repay the loan in two equal payments, one

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Quiz 7 9 points possible Answered: 3/8 Question 6 Katherine borrowed $4,220 today and is to repay the loan in two equal payments, one in 2 months and the other in 12 months. Assuming an interest rate of 6.4% p.a. on the loan, determine the size of the equal payments if a focal date of "today" is used. $ Next Question Upcoming Q Search

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