9 Jasmine just borrowed $3,190.00 and agreed to repay it with two payments. The...
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Jasmine just borrowed $3,190.00 and agreed to repay it with two payments. The first payment will occur in 5 months. The second payment will be twice as big as the first and will occur in 8 months. Using a simple interest rate of 6.00% per annum, calculate the size of the first payment. Use today as the focal date and express your answer to 2 decimal places. Your
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