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A loan of 4000 Euros will be repaid in 12 years, with 12 annual installments (each installment at the end of the year), with (ATTENTION)

A loan of 4000 Euros will be repaid in 12 years, with 12 annual installments (each installment at the end of the year), with (ATTENTION) interest rate of 7% per year and monthly interest. The first 11 installments are equal and equal to 380 Euros each, the last (the 12th) is different. What is the amount of the last installment. Analyzed the first 3 installments in interest and repayment of capital.

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