To borrow 2600 you are offered an add-on interest loan at 7, Ask an Expert

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To borrow $2,600, you are offered an add-on interest loan at 7 percent. Three loan payments are to be made, one at four months, another at eight months, and the last one at the end of the year.

Compute the three equal payments. (Round your answer to 2 decimal places.) Please show how you got the answer.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92861995

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