Your parents helped you buy a car. You were supposed to pay then back $2000 sixty days ago and $1800 in thirty days. They agreed to change the repayment plan by accepting 3 equal payment due today, sixty days from today and 120 days from today. How much will each of those equal payments be if interest is 10% per year? $12404.86 $1266.67 $12444.86 $1293.43

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Your parents helped you buy a car. You were supposed to pay then back
$2000 sixty days ago and $1800 in thirty days. They agreed to change the
repayment plan by accepting 3 equal payment due today, sixty days from
today and 120 days from today. How much will each of those equal
payments be if interest is 10% per year?
$12404.86
$1266.67
$12444.86
$1293.43
Transcribed Image Text:Your parents helped you buy a car. You were supposed to pay then back $2000 sixty days ago and $1800 in thirty days. They agreed to change the repayment plan by accepting 3 equal payment due today, sixty days from today and 120 days from today. How much will each of those equal payments be if interest is 10% per year? $12404.86 $1266.67 $12444.86 $1293.43
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