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Krista borrowed $10,119. The loan is to be repaid by three equal payments due in 65,...

  1. Krista borrowed $10,119. The loan is to be repaid by three equal payments due in 65, 122, and 250 days from now respectively. Determine the size of the equal payments at an interest rate of 10% with a focal date of today.
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Answer #1

- Assuming daily compounding : Let the size of equal payment aux + x + x = 10llg! \ 360) 2.88) => > = $3511.45 x= $1olig x= $

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