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What was the size of the final? payment

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Question - Joan borrowed $15,000.00 to buy a car. She repaid ?$3600.00 four months later and ?$7000.00 seven months later. After twelve? months, she borrowed an additional $5300.00?, and repaid $4200.00 after 17 months. She paid the entire? balance, including the? interest, after 24 months. Interest was 9% compounded monthly for the first year and 8.7?% compounded monthly for the remaining time. What was the size of the final? payment?

Reference no: EM133080252

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