Jaylen & Isaiah purchased an item valued at $253,000. They paid $45,540 down and financed the rest at 2.21% compounded monthly. To reduce the amount owing to $59,092 at the end of 5 years, what size of equal payments must Jaylen & Isaiah make at the end of each three months? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = C/Y= N= I/Y= PV = $ PMT = $ FV = $ The size of each equal payment is (enter a positive value) $ Submit Question

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