Compute the size of the final payment for the following loan. Principal Periodic Payment Payment Interval Payment Made At: $26,000 $1,655 3 months end Question content area bottom Part 1 The size of the final payment is $enter your response here. Interest Rate Conversion Period 8% quarterly (Round the final answer to the nearest cent as needed. Round all intermediate values to six
Compute the size of the final payment for the following loan. Principal Periodic Payment Payment Interval Payment Made At: $26,000 $1,655 3 months end Question content area bottom Part 1 The size of the final payment is $enter your response here. Interest Rate Conversion Period 8% quarterly (Round the final answer to the nearest cent as needed. Round all intermediate values to six
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
M9.
Transcribed Image Text:Compute the size of the final payment for the
following loan.
Principal Periodic Payment Payment Interval Payment Made At:
$26,000 $1,655
3 months
end
Interest Rate Conversion Period
8%
quarterly
Question content area bottom
Part 1
The size of the final payment is
$enter your response here.
(Round the final answer to the nearest cent as
needed. Round all intermediate values to six
decimal places as needed.)
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