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What is the size of each of the three payments

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Question - A loan of $1490 taken on June 7 requires three payments. The first payment due is July 7. The second payment is twice as large as the first payment and is due on August 21 The final payment due on November 2 is there times as large as the first payment if the focal date is June 7 what is the size of each of the three payments at an interest rate of 4.6%?

Reference no: EM132998868

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