Janine borrowed $24,000 from her bank. Monthly payments are $810, including interest at 7.7% compounded quarterly....

Transcribed Image Text:

Janine borrowed $24,000 from her bank. Monthly payments are $810, including interest at 7.7% compounded quarterly. a. How many payments will Janine make altogether? (Do not round intermediate calculations and round your answer up to the next whole number.) No. of payments b. How much is the last payment? (Do not round intermediate calculations and round your answer to 2 decimal places.) Last payment $ c.How much interest will Janine pay over the life of the loan? (Do not round intermediate calculations and round your answer to 2 decimal places.) Total interest Janine borrowed $24,000 from her bank. Monthly payments are $810, including interest at 7.7% compounded quarterly. a. How many payments will Janine make altogether? (Do not round intermediate calculations and round your answer up to the next whole number.) No. of payments b. How much is the last payment? (Do not round intermediate calculations and round your answer to 2 decimal places.) Last payment $ c.How much interest will Janine pay over the life of the loan? (Do not round intermediate calculations and round your answer to 2 decimal places.) Total interest