Question
A $7,600 loan at 12.35% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of
A $7,600 loan at 12.35% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of the loan. Calculate the size of each payment. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Can i get help solving it using a BA II plus calcualter
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
