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Payments of $10 200.00 due one year ago and $13 000.00 due nine months ago are to be replaced by a payment of $5800.00 now,
Payments of $10 200.00 due one year ago and $13 000.00 due nine months ago are to be replaced by a payment of $5800.00 now, a second payment of $10 000.00 fifteen months from now, and a final payment twenty-four months from now. What is the size of the final payment if interest is 9.2% compounded quarterly?
Question 13 options: The size of the final payment is $7816.89
The size of the final payment is $7816.00
The size of the final payment is $8816.89
The size of the final payment is $7916.89
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