Question

A debt of $7949.06 is repaid by payments of $1590.82 in 8 months, $1194.99 in 17 months, and a final payment in 22 months. If interest was 8\% compounded semi-annually, what was the amount of the final payment?\nThe final payment is $\n(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

Name: A debt of 7949.06 is repaid by payments of1590.82 in 8 months, 1194.99 in 17 months, and a final payment in 22 months. If interest was 8% compounded semi-annually, what was the amount of the final payment? final payment is(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Uploaded: 2022-06-17T13:00:25-08:00
Duration: 1 min 8 s
Channel: Jeff Harris
Description: A debt of 7949.06 is repaid by payments of1590.82 in 8 months, 1194.99 in 17 months, and a final payment in 22 months. If interest was 8% compounded semi-annually, what was the amount of the final payment? final payment is(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

          A debt of $7949.06 is repaid by payments of $1590.82 in 8 months, $1194.99 in 17 months, and a final payment in 22 months. If interest was 8\% compounded semi-annually, what was the amount of the final payment?\nThe final payment is $\n(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)