A debt of $6640.56 is repaid by payments of $1577.55 im 4 months, $960.01 in 17...

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A debt of $6640.56 is repaid by payments of $1577.55 im 4 months, $960.01 in 17 months, and a final payment in months, and a final payment in 31 months. If interest was 6% compounded semi-annually, what was the amount of the final payment? The final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Answer: A debt of $6640.56 is repaid by payments of $1577.55 im 4 months, $960.01 in 17 months, and a final payment in months, and a final payment in 31 months. If interest was 6% compounded semi-annually, what was the amount of the final payment? The final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Answer:

Answer rating: 100% (QA)

To calculate the amount of the final payment we can use the formula for the future value of ... View the full answer