math1

Automotive Excellence Inc. borrowed $16,000.00 on June 21 with an interest rate of 5.9% per annum. On July 5, $5500.00 was repaid, and on August 10, $5400.00 was repaid. Automotive Excellence paid the balance of the loan on October 11. What was the final payment? The final payment was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)