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Pockets lent $22,000 to Lego Construction on January 1, 2018, Lego signed a three-year, 5% installment note to be paid in three equal payments at
Pockets lent $22,000 to Lego Construction on January 1, 2018, Lego signed a three-year, 5% installment note to be paid in three equal payments at the end of each year. (FV of $1, PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required Calculate the amount of one installment payment. (Round your final answer to the nearest whole dollar.) Installment payment
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