Youre about to purchase a car. The purchase price is $29,589, and you have decided to make an immediate down payment toward the purchase of $4,783. You will finance (i.e. borrow) the remainder of the purchase price from a local bank.

The bank is offering an interest rate of 6.0% APR with monthly payments (which implies a monthly interest rate of 0.50%). There will be no payments due for a few months. The first payment is due 10 months from today. The last payment is due 39 months from today. The payments will increase in size by 1.1% per month.

How big is the LAST payment?