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A variable rate demand loan showed an initial balance of $9000.00, payments of $4000.00 after six months, $4000.00 after 21 months, and a final payment

A variable rate demand loan showed an initial balance of

$9000.00,

payments of

$4000.00

after six months,

$4000.00

after 21 months, and a final payment after

four

years. Interest was

6%

compounded

quarterly

for the first 21 months and

6.55%

compounded

monthly

for the remaining time. What was the size of the final payment?

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