dan borrowed $955 today and is to repay the loan in two equal payments .the...

70.2K

Verified Solution

Question

Finance

image
image
dan borrowed $955 today and is to repay the loan in two equal payments .the first payment is in four months,and the second payment in ten months.if intrest is 7%per annual on laon,what is the soze of two equal payments?use today as focal date.
In NT Ou boe005.00 dwand is the when the condition when she These of the qual Round the final answer to the parent content Round alles valsts noded)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students