To borrow 2700 you are offered an add-on interest loan at 6


To borrow $2,700, you are offered an add-on interest loan at 6 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?

 

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Finance Basics: To borrow 2700 you are offered an add-on interest loan at 6
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