Do you have an outstanding loan it requires making seven annual payments of $1000 each at the end of the next seven years your bank has offered to allow you to skip making the next six payments in Lou of making one large payment at the end of the loans term in seven years if the interest rate on the loan is 8% what final payment with the bank require you to make sure that it is indifferent to the two forms of payment.

The final payment the bank will require you to make is ????? please round to the nearest dollar

4-70 (similar to) Question Help ou a bonustunding are making seven annual payments of S1000 each at the end of the rest even years Your bank has offered to allow you to skip making the next six payments in of making and large pent the end of the storm in seven years of the interest to the loan is what that payment will the bank require you to make so that indiferent to the form of payment? The the bank will require you in make is Found to the nearest