A loan of 1,000,000 made on December 31, 2020 is to be repaid by monthly payments...

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A loan of 1,000,000 made on December 31, 2020 is to be repaid by monthly payments on the last date of each month starting January 31, 2021. The first payment is 30,000, the second is 40,000, the third is 50,000, the fourth is 60,000, the fifth is 70,000, the sixth is 80,000, and the seventh and subsequent payments are 90,000 each for as long as necessary with a final smaller payment one month after the final regular payment. Find the date and the amount of the final smaller payment if i (12) = 0.06 A loan of 1,000,000 made on December 31, 2020 is to be repaid by monthly payments on the last date of each month starting January 31, 2021. The first payment is 30,000, the second is 40,000, the third is 50,000, the fourth is 60,000, the fifth is 70,000, the sixth is 80,000, and the seventh and subsequent payments are 90,000 each for as long as necessary with a final smaller payment one month after the final regular payment. Find the date and the amount of the final smaller payment if i (12) = 0.06

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