A $5,000 loan made on March 15 at an interest rate of 7.5%, is to be repaid by payments of $2000 on ...

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A $5,000 loan made on March 15 at an interest rate of 7.5%, is to be repaid by payments of $2000 on ...

A $5,000 loan made on March 15 at an interest rate of 7.5%, is to be repaid by payments of $2000 on June 15, $2000 on October 15, and a final payment on December 15. What is the amount of the final payment required to pay off the loan in full?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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Smart ... Thanks!

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