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The original payment plan for a loan was: $124 in month 3 $897 in month 8 and $148 in month 15 The new plan is
The original payment plan for a loan was: $124 in month 3 $897 in month 8 and $148 in month 15 The new plan is to pay all the loan at once in month 10. What is the value of this single payment if the interest rate is 6% per year simple interest? Use a focal date of month 10. Answer to the nearest cent, do not put $ in from of the answer or thousands commas. For example if the answer is $1,324.7499 put 1234.75
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