Determine how much is the final payment

Reference no: EM132196946

Question: A company wants to replay a $118,155 debt making $271 quarterly payment for 27 quarters, then one final payment. If the interest is 5.5 per year, compounded quarter, how much is the final payment? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132196946

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