A debt of $6783 65 is repaid by payments of $1506 26 in 3 months, $961 54 in 15 months, and a final payment in 32 months If interest was 4 compounded annually, what was the amount of the final payment The final payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed ) A debt of $6783 65 is repaid by payments of $1506 26 in 3 months, $961 54 in 15 months, and a final payment in 32 months If interest was 4 compounded annually, what was the amount of the final payment The final payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed )

Question

A debt of $6783 65 is repaid by payments of $1506 26 in 3 months, $961 54 in 15 months, and a final payment in 32  months  If interest was 4  compounded annually, what was the amount of the final payment   The final payment is $   (Round the final answer to the nearest cent as needed  Round all intermediate values to six decimal places  as needed ) A debt of $6783 65 is repaid by payments of $1506 26 in 3 months, $961 54 in 15 months, and a final payment in 32 months  If interest was 4  compounded annually, what was the amount of the final payment  The final payment is $ (Round the final answer to the nearest cent as needed  Round all intermediate values to six decimal places as needed )

Accepted Answer

The Answer is in the image, click to view ...

Question

A debt of $6783.65 is repaid by payments of $1506.26 in 3 months, $961.54 in 15 months, and a final payment in 32 months. If

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

The Re Emergence Of Global Finance

Students also viewed these Finance questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question