(please correct answer and don't use hend raiting) Krista borrowed $15,529. The loan is to be repaid by three equal payments due in 94, 125, and 300 days from now respectively. Determine the size of the equal payments at an interest rate of 3% with a focal date of today. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(please correct answer and don't use hend raiting) Krista borrowed $15,529. The loan is to be repaid by three equal payments due in 94, 125, and 300 days from now respectively. Determine the size of the equal payments at an interest rate of 3% with a focal date of today. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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(please correct answer and don't use hend raiting)
Krista borrowed $15,529. The loan is to be repaid by three equal payments due in 94, 125, and 300 days from now respectively. Determine the size of the equal payments at an interest rate
of 3% with a focal date of today.
The size of the equal payments is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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