The simple interest rate on a $5000 loan is 7%. The loan is to be repaid by

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The simple interest rate on a $5000 loan is 7%. The loan is to be repaid by four equal payments on dates 100, 150, 200, and 250 days from the date on which the loan was advanced. What is the amount of each payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:06 AM

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The simple interest rate on a $5000 loan is 7%. The loan is to be repaid by

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Business Mathematics In Canada

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