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What is the size of the final? payment

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A demand loan of ?$7000.00 is repaid by payments of?$3500.00 after two ?years, ?$3500.00 after four ?years, and a final payment after seven years. Interest is 7?% compounded monthly for the first two ?years, 8 % compounded quarterly for the next two years, and 8?% compounded annually thereafter. What is the size of the final? payment?

Reference no: EM133119165

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What is the size of the final? payment : A demand loan of ?$7000.00 is repaid by payments of?$3500.00 after two ?years, ?$3500.00 after four ?years, and a final payment after seven years.
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