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(Solved): A Loan Of $39.000 Is Paid Off In 36 Payments At The End Of Each Month In The Following Way: Payments ...

A loan of $39.000 is paid off in 36 payments at the end of each month in the following way: Payments of $975 are made at the

A loan of $39.000 is paid off in 36 payments at the end of each month in the following way: Payments of $975 are made at the end of the month for the first 12 months. Payments of $975 + x are made at the end of the month for the second 12 months. Payments of $975 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 8%? 287.26 Answer correct to 2 decimals. Just Save Submit Problem #5 for Grading Problem #5 Your Answer: Your Mark: Attempt #1 | Attempt #2 248.3 287.21 0/2X 0/2X 297, 2 Attempt #3 | Attempt #4 | Attempt #5 287.27 287.26 0/2x 0/2X 38732297323532

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