Solution-Compute the amount of the smaller payment

Compute the amount of the smaller payment

Reference no: EM132730455

Question - An investment of $14951 will be used to make quarterly payments of $600 at the end of every 3 months for as long as possible and a smaller payment X to be paid along the last regular payments. The nominal annual rate of interest is 4.4% compounded quarterly. Compute the amount of the smaller payment X.

Reference no: EM132730455

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Compute the amount of the smaller payment

Reference no: EM132730455

Reference no: EM132730455

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