solved : Questionloan of $5334 borrowed today is to be repaid in thre
Questionloan of $5334 borrowed today is to be repaid in three equal…loan of ?$5334 borrowed today is to be repaid in three equal installments due in two years?, three ?years, and five-and-a-half ?years, respectively. What is the size of the equal installments if money is worth 8.3% compounded annually?The payments are each ?$nothing.?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal MathStatistics and ProbabilitymatlabMATH 118
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