Miguel owes $7,000 to a friend who is charging her simple interest of 3.50% p.a....
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Miguel owes $7,000 to a friend who is charging her simple interest of 3.50% p.a. She is required to settle the loan with two equal payments, one today and the other in three months. Calculate the size of the equal payments using three months as the focal date. $0.00 Round to the nearest cent
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