$8000 was borrowed at an interest rate of 11½ %. Calculate the amount of each payment if the loan was paid off by three equal payments made 30, 90, and 150 days after the date of the loan.

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The Answer of $8000 was borrowed at an interest rate of 11½ %. Calculate the amount of each payment if the loan was paid off by three equal payments made 30, 90, and 150 days after the date of the loan.

$8000 Was Borrowed at an Interest Rate of 11½