Question: Please using equation of value. Step by step- not in excel .2.6S Ed buys a TV from Al for 480 by paying 50 in cash,

Please using equation of value. Step by step- not in excel

.2.6S Ed buys a TV from Al for 480 by paying 50 in cash, 100 every three months for one year (four payments of 100), and a final payment in 15 months (three months after the final quarterly payment). Find the amount of the final payment if Al earns a 3- month compound interest rate of 3%. What is the final payment if Al earns a one-month rate of 1%

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