How much her final payment be to clear the debt completely


Problem

Jacqueline initially borrowed $7,200 from RBC Bank at 4.98% compounded monthly. After 2 years she repaid $3,528, then 5 years after the $7,200 was initially borrowed she repaid $2,160. If she pays off the debt 9 years after the $7,200 was initially borrowed, how much should her final payment be to clear the debt completely?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: How much her final payment be to clear the debt completely
Reference No:- TGS03300468

Expected delivery within 24 Hours