A loan of $17,504 was repaid at the end of 16 months. What size repayment check​ (principal and​ interest) was​ written, if a 7.9% annual rate of interest was​ charged? Question content area bottom Part 1 The amount of the repayment check was ​$ enter your response here. ​(Round to two

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 21E
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A loan of $17,504 was repaid at the end of 16 months. What size repayment check​ (principal and​ interest) was​ written, if a 7.9% annual rate of interest was​ charged? Question content area bottom Part 1 The amount of the repayment check was ​$ enter your response here. ​(Round to two 

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