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a. It you beriow $2.200 and ogree to repay the loms in five equal apusal poyments at an inerest rate of 12%. whut wil your
a. It you beriow $2.200 and ogree to repay the loms in five equal apusal poyments at an inerest rate of 12%. whut wil your payment be? (0o not reand intermedlate calculatient. Pound yout antwet to 2 decimal places.) b. What will your payment be if you make the first payment on the loan immedatedy instead of at the end of the frat year? (De net seund intermediate calculatient. Aocind your answer to 2 decimal places.)
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