[Solve Using BA II Plus Calculator] *Must solve for N (# of payments first)*

Jenny's Cooking College wants to buy a facility for their classes in Saint John. They purchased a facility valued at $1,697,000. They made a down payment of 10% and payments of $400,000 are required at the end of every 3 months. If interest is 9% compounded monthly, what is the size of the final payment?

Rounded to the nearest dollar.

Question 2 options:

A)

$48,381

B)

$205,512

C)

$15,686

D)

$131,373