An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8 %. the bank agreed to reduce the interest on the loan if interest rates declined before the loan was fully repaid. after the third payment, the bank agreed to reduce the interest rate on the remaining debt to 61/4%. what was the amount of the equal annual end-of-year pay­ ments for each of the first 3 years? what was the amount of the equal annual end-of-year payments for each of the last 3 years?

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.   

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