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A loan of $29800 is repaid by payments of $775 at the end of every...

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Finance

A loan of $29800 is repaid by payments of $775 at the end of every quarter. Interest is 7% compounded quarterly. What is the size of the final payment?

Below is an attached photo from an example I'm still a little bit confused on how to do it

image

1 Find N END" (set P 19, C19 =4) 4 179 27900 E PU 675 (PMD OFV Cpi w = 5.596 Payments 54 12 Balance after 53 payments 3. PMyny Balsa (it) 12nd) Amort 9,53 P2 = 53 Balso = 399.15389 $(4+0.0%) 4 403.15 - 399.15589

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