7 You borrowed $10,000 and agreed to pay $1000 per year Interest is 6 5 per year You do not make payments in years 6 and 7 You begin making payments again in year 8, with the payment amount now being $1500 What will be the amount ofthe last payment on this loan ly 1 JI

Question

7  You borrowed $10,000 and agreed to pay $1000 per year  Interest is 6 5  per year  You do not make payments in years 6 and 7  You begin making payments again in year 8, with the payment amount now being $1500  What will be the amount ofthe last payment on this loan  ly 1 JI

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Question

7 You borrowed $10,000 and agreed to pay $1000 per year. Interest is 6.5% per year. You do not make payments in years 6 and

7" You borrowed $10,000 and agreed to pay $1000 per year. Interest is 6.5% per year. You do not make payments in years 6 and 7. You begin making payments again in year 8, with the payment amount now being $1500. What will be the amount ofthe last payment on this loan? ly 1.JI

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