What payment is required at the end of every three months for 2.25 years to repay a loan of $2,836.00 at 5% compounded quarterly?
The payment is $___
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

Question

06-07-2024
Business

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What payment is required at the end of every three months for 2.25 years to repay a loan of $2,836.00 at 5% compounded quarterly?
The payment is $___
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

Sagot :

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