Question: The interest rate on a $3000 loan advanced on March 1 was 10.2%. What must the first payment on April 13 be in order that
The interest rate on a $3000 loan advanced on March 1 was 10.2%. What must the first payment on April 13 be in order that two subsequent payments of $1100 on May 27 and $1100 on July 13 settle the loan?
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