What is the amount of the regular monthly payment

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Reference no: EM131966446

Goran just took out a loan from the bank for 154,854 dollars. He plans to repay this loan by making a special payment to the bank of 31,292 dollars in 4 months and by also making equal, regular monthly payments of X. If the interest rate on the loan is 0.79 percent per month, he makes his first regular monthly payment later today, and he makes his last regular monthly payment made in 6 months from today, then what is X, the amount of the regular monthly payment?

Reference no: EM131966446

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