Krista borrowed $15,380. The loan is to be repaid by three equal payments due in 98, 146, and 272 days from now respectively. Determine the size of the equal payments at an interest rate of 10% with a focal date of today

Krista borrowed $15,380. The loan is to be repaid by three equal payments due in 98, 146, and 272 days from now respectively. Determine the size of the equal payments at an interest rate of 10% with a focal date of today

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Krista borrowed

$15,380.

The loan is to be repaid by three equal payments due in

98,

146,

and

272

days from now respectively. Determine the size of the equal payments at an interest rate of

10%

with a focal date of today

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