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A loan of $3900 is due in 5 years. If money is worth 4.4% compounded annually, find the equivalent payments that would settle the debt

A loan of $3900 is due in 5 years. If money is worth 4.4% compounded annually, find the equivalent payments that would settle the debt at the times shown below.

(a) now

(b) in 3 years

(c) in 5 years

(d) in 10 years

image text in transcribed
(a) Row (b) in 3 yoses (c) in 5 yeste (d) in 10 years (a) The equivalent loan payment is s (Round the fral artswer to the nearest cent as needed. Round all intermediate values to six decimal places as noeded.)

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