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Question 21 (1 point) A woman takes out a loan to be paid back over 4 years at 112 = 6% with monthly payments of
Question 21 (1 point) A woman takes out a loan to be paid back over 4 years at 112 = 6% with monthly payments of $281.82. After 14 payments, the outstanding balance on the loan is $879153. The woman then misses the next 3 payments (from time 15 to 17). She begins making regular monthly payments at time 18. If she still intends to pay back her loan in full by the end of 4 years, what is the size of her new monthly payment? (she has 31 payments left) 3311
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