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9. (10 points) Moke must repay a loan for 80,000 at an annual effective interest rate of 8%. Moke makes 30 end of year payments.
9. (10 points) Moke must repay a loan for 80,000 at an annual effective interest rate of 8%. Moke makes 30 end of year payments. For the first 29 payments, she pays 150% of the interest due on the unpaid balance. For the 30th and final payment, she pays the balance due. Find the amount of the final payment. 9. (10 points) Moke must repay a loan for 80,000 at an annual effective interest rate of 8%. Moke makes 30 end of year payments. For the first 29 payments, she pays 150% of the interest due on the unpaid balance. For the 30th and final payment, she pays the balance due. Find the amount of the final payment
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