Automotive Excellence Inc. borrowed $17,000.00 on June 2 with an interest rate of 6.2% per annum. On September 1, S$5400.00 was repaid, and on October 3, $6200.00 was repaid. Automotive Excellence paid the balance of the loan on November 14. What was the final payment? The final payment was S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Automotive Excellence Inc. borrowed $17,000.00 on June 2 with an interest rate of 6.2% per annum. On September 1, $5400.00 was repaid, and on October 3, $6200.00 was repaid. Automotive Excellence
paid the balance of the loan on November 14. What was the final payment?
.....
The final payment was $.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:Automotive Excellence Inc. borrowed $17,000.00 on June 2 with an interest rate of 6.2% per annum. On September 1, $5400.00 was repaid, and on October 3, $6200.00 was repaid. Automotive Excellence paid the balance of the loan on November 14. What was the final payment? ..... The final payment was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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