Question: Problem 5-37 Add-on Interest Payments (LG5-8) To borrow $1,500, you are offered an add-on interest loan at 10 percent. Two loan payments are to be

Problem 5-37 Add-on Interest Payments (LG5-8) To borrow $1,500, you are offered an add-on interest loan at 10 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments. Two equal payments

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