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Obtain the level of the first few payments

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Reference no: EM132396793

Ms. Maili Sirrus obtained a balloon loan of $239,071 at a nominal rate of interest of 4.94 percent for 3 years. If repayment is scheduled at the end of every fifth day, obtain the level of the first few payments, assuming he will pay $ 42,127 at the end of the term.

Round your final answer to 2 decimal places.

Reference no: EM132396793

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