What final payment will the bank require you to make so


You have a loan outstanding. It requires making 3 annual payments at the end of the next 3 years of $ 1,000 each. Your bank has offered to allow you to skip making the next 2 payments in lieu of making one large payment at the end of the? loan's term in 3 years. If the interest rate on the loan is 5.00 %?, what final payment will the bank require you to make so that it is indifferent between the two forms of? payment? The present value of the cash flows is.

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Financial Management: What final payment will the bank require you to make so
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