Question
Compute the size of the final payment for the following loan. Principal Periodic Payment Payment Interval Payment Made At: Interest Rate Conversion Period $23,000 $2,058
Compute the size of the final payment for the following loan.
| Principal
| Periodic Payment
| Payment Interval
| Payment Made At:
| Interest Rate
| Conversion Period
|
| $23,000
| $2,058
| 3 months
| end
| 12%
| quarterly
|
The size of the final payment is
$enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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The Audit Committee Handbook
Authors: Louis Braiotta Jr.
4th Edition
0470226420, 978-0470226421
