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Regular quarterly repayments

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Reference no: EM131473215

"Air Con Ltd is providing firms with a loan that takes into account the scrap value of the equipment at the end of a loan with a special balloon payment at the end of the loan. On a $185,000 aircondtioning system the firm will make 19 regular quarterly payments and in quarter 20 pay the balloon payment of $50,000. If the loan interest rate is 12.8%p.a. what is the amount of the 19 regular quarterly repayments."

  • 7105.26
  • 9592.53
  • 11253.08
  • 13145.31
  • 11199.85

Reference no: EM131473215

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