Question: Question2 Dr. Sangster borrows $5000 at 15%/year compounded monthly. He wishes to repay the loan with 12 end-of-month payments. He wishes to make his first

Question2 Dr. Sangster borrows $5000 at 15%/year compounded monthly. He wishes to repay the loan with 12 end-of-month payments. He wishes to make his first payment 3 months after receiving the $5000. He also wishes that, after the first payment, the size of each payment be 10% greater than the previous payment. What is the size of his sixth payment

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