Question: Please answer this question as soon as possible A design studio received a loan of $290,000 at 3.0% compounded monthly to use as working capital

Please answer this question as soon as possible A design studio

received a loan of $290,000 at 3.0% compounded monthly to use as

Please answer this question as soon as possible

A design studio received a loan of $290,000 at 3.0% compounded monthly to use as working capital for the business. It was required to settle the loan with payments of $2,200 at the end of every month. a. How many payments are required to settle the loan? payments Round up to the next payment a. How many payments are required to settle the loan? payments Round up to the next payment b. What is the size of the final payment? Round to the nearest cent

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