Question: QUESTION 1 20 points Save Answer You receive a 3-year $19,000 loan with an interest rate of 14% p.a., to be repaid in three annual

QUESTION 1 20 points Save Answer You receive a 3-year $19,000

QUESTION 1 20 points Save Answer You receive a 3-year $19,000 loan with an interest rate of 14% p.a., to be repaid in three annual installments. The loan requires that you make two equal total payments of $2,000 at t = 1 and t = 2, with the remaining loan balance paid at maturity. What is the total payment amount at t= 3, rounded to the nearest dollar

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