A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year for as long as possible an

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answerhappygod
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A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year for as long as possible an

Post by answerhappygod »

A loan of $18430 is to be repaid at 4% effective by
payments of $1500 at the end of each year for as long as
possible and an additional smaller payment X made one
year after the last full payment.
Calculate X.
A 367.68
B 369.17
C 358.25
D 353.54
E 376.99
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