Gerry the Gardener owed $4000 on his purchase of a new heavy-use lawn mower for his business.

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Gerry the Gardener owed $4000 on his purchase of a new heavy-use lawn mower for his business. He repaid $1500 in 9 months, $2000 in 18 months, and the remaining amount owed in 27 months. If interest is 10% compounded quarterly, what is the amount of the final payment?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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