Question: Previous Problem Problem List Next Problem (1 point) Mike borrows $7950 due at the end of 3 years with interest at 12 5.5%. You plan

 Previous Problem Problem List Next Problem (1 point) Mike borrows $7950

Previous Problem Problem List Next Problem (1 point) Mike borrows $7950 due at the end of 3 years with interest at 12 5.5%. You plan to fully pay off the loan with 3 payments. First payment of $4975 due at the end of 3 months, $12 due at the end of 26 months, and a final payment of X at the end of 32 months. What is X? Answer: $ Preview My Answers Submit Answers

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