The original $3,000 loan was advanced on March 1. The loan is to be repaid by the three indicated payments. Calculate the unknown payment in each case. Use the loan date as the focal date.

Original Loan

The initial amount of money borrowed before any interest or fees are added.

Repaid

The action of paying back borrowed money to the lender.

Focal Date

A specific date of interest or importance within a plan, study, or project that serves as a central point of reference.