Question: Smith borrows $$ , 0 0 0 to be repaid over the next six years in equal monthly payments, the first one due one month

Smith borrows $$,000 to be repaid over the next six years in equal monthly payments, the first one due one month bence. The nominal annual rate of interest is 12% compounded monthly for the first two years and 18% compounded monthly thereafter.
Determine in which of the following ranges is the amount of each monthly payment.
this is actuarial science please do not use excel, show steps
Smith borrows $$ , 0 0 0 to be repaid over the

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