KelseyJ7343 KelseyJ7343
  • 06-06-2023
  • Business
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Caitlin owes $11,000 to a friend who is charging her simple interest of 4.50% p.a. She is required to settle the loan with two equal payments, one today and the other in two months. Calculate the size of the equal payments using two months as the focal date.
Round to the nearest cent

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