John takes out a 4 year loan for $10900 at 7% interest compounded monthly. Calculate his monthly payment. John's monthly payment will be $ Time Value of Money Solver Enter the given values. N: 0 Number of Payment Periods 1:%= Annual Interest Rate as a Percent PV: = Present Value PMT: = 0 Payment FV: = Future Value P/Y: Payments per Year C/Y: 0 0 0 12 O 12 Compounding Periods per Year PMT: = C END Solve Solve Solve Solve Solve

John takes out a 4 year loan for $10900 at 7x interest compounded monthly. Calculate his monthly payment. John's monthly payment will bes Time Value of Monev Solver N:=k Number of Payment Periods I:96= Annual Interest Rate as a Percent PV:= Present Value PMT: = Payment FV:= Future Value P/Y : Bayments per Year C/Y: Compounding Periods per Year