Question: Dan borrows $1500.00 with 8% simple interest and repays this loan with a payment of $500.00 after 3 months, $500.00 after 7 months then a

Dan borrows $1500.00 with 8% simple interest and repays this loan with a payment of $500.00 after 3 months, $500.00 after 7 months then a final payment at the end of one year to settle the debt. Find the size of Dans payment after one year using U.S. Rule.

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