A debt of $8516.11 is repaid by payments of $1055.44
A debt of $8516.11 is repaid by payments of $1055.44 in 5 months, $938.83 in 13 months, and the final payment in 30 months. If the interest was 4% compounded semi annually what was the amount of the final payment?
Engineering Economic Analysis
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
ISBN: 9780195168075