A debt of $17 000.00 is repaid by quarterly payments of $1430.00. If interest is 6.12% compounded quarterly, what is the size of the final payment?
Correct Answer:
Verified
= = PVn = 143...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q54: A $151 000.00 mortgage is to be
Q55: How much total interest is paid between
Q56: A bank has an interest rate of
Q57: What is the outstanding balance after the
Q58: A demand (variable rate) mortgage of $137
Q60: The Acme Parts Company is repaying a
Q61: Shiva transferred his mortgage of $145 981
Q62: Keith receives payments of $14 500.00 at
Q63: Tariq bought a commercial property valued at
Q64: A car loan of $46 700.00 is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents