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please give the correct answers its urgent Scheduled loan payments of $242 due in 3 months and $1464 due in 15 months are rescheduled as
please give the correct answers its urgent
Scheduled loan payments of $242 due in 3 months and $1464 due in 15 months are rescheduled as a payment of $1394 due in 36 months and a second payment due in 42 months. Determine the size of the second payment if interest is 7.2% compounded annually and the focal date is 42 months from now. The size of the second payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) RXStep by Step Solution
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