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Andres Michael bought a new boat. He took out a loan for $23,700 at 2.5% interest for 4 years. He made a $4,580 partial payment

image text in transcribed Andres Michael bought a new boat. He took out a loan for $23,700 at 2.5% interest for 4 years. He made a $4,580 partial payment at 4 months and another partial payment of $2,570 at 9 months. How much is due at maturity? Note: Do not round intermediate calculations. Round your answer to the nearest cent

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