Mimi just took out a loan from the bank for 179,765 dollars.She plans to repay this loan
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Mimi just took out a loan from the bank for 179,765 dollars.She plans to repay this loan by making a special payment to the bank of 16,081 dollars in 2 months and by also making equal, regular monthly payments of X.If the interest rate on the loan is 1.31 percent per month, she makes her first regular monthly payment later today, and she makes her last regular monthly payment made in 5 months from today, then what is X, the amount of the regular monthly payment?
Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
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