Jessica took out a $19,000 demand loan at 7% simple interest.She paid off the loan with a

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Jessica took out a $19,000 demand loan at 7% simple interest.She paid off the loan with a $2600 payment in 4 months, a $8000 payment in 10 months and a final payment in 15 months.

Find the size of the last payment.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 24, 2023 11:54 PM

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Jessica took out a $19,000 demand loan at 7% simple interest.She paid off the loan with a

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To solve this problem we can use the formula for simple interest I Prt where I is the interest P is ... View the full answer

Income Tax Fundamentals 2013

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