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A debt of ​$7626.17 is repaid by payments of ​$1214.74 in 5 ​months, $1160.55 in 15 ​months, and a final payment in 27 months. If interest was 4% compounded quarterly, what was the amount of the final​
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A debt of ​$7626.17 is repaid by payments of ​$1214.74 in 5 ​months, $1160.55 in 15 ​months, and a final payment in 27 months. If interest was 4% compounded quarterly, what was the amount of the final​ payment?

User Jedgard
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1 Answer

5 votes

Answer: Monthly Payment = $ 295.82

Step-by-step explanation:

User Akhilesh Sharma
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