Question: Clay Harden borrowed $ 2 1 , 0 0 0 from a bank at an interest rate of 8 % compounded monthly. The loan will

Clay Harden borrowed $21,000 from a bank at an interest rate of 8% compounded monthly. The loan will be repaid in 36 equal monthly installments over three years. Immediately after his 19th payment, Clay desires to pay the remainder of the loan in a single payment. Compute the total amount he must pay.
The total amount Clay must pay immediately after his 19th payment will be $.(Round to the nearest dollar.)
Clay Harden borrowed $21,000 from a bank at an interest rate

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