Question: please answer this question short answer is ok Question 1 (3 points) Nasia Electronics borrowed $538,000 for a new project at 8 % APR compounded

please answer this question short answer is ok

Question 1 (3 points) Nasia Electronics borrowed $538,000 for a new project at 8 % APR compounded monthly, with payments of $15,000 made at the end of each month. What is the closing balance on the loan after the first deposit? 1. Insert your numeric answer in the ANSWER box. 2. Answers should be numeric only (no commas; no symbols). 3. Attach your scanned hand calculations (PDF file format only) using the ADD A FILE. 4. Answers not supported by hand calculations receive a mark of zero. Your

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