Compute the size of the final payment for the following loan. Principal $18,000 Periodic Payment...

70.2K

Verified Solution

Question

Finance

image

Compute the size of the final payment for the following loan. Principal $18,000 Periodic Payment $1,778 Payment Interval 1 month Payment Made At: end Interest Rate 9% Conversion Period monthly The size of the final payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students