Vera is repaying a 5000 loan at j12=16.5% with monthly installments over 3 years. Owing to temporary unemployment, she misses the 13th through the 18th payment, inclusive. Find the value of the revised monthly payment needed, starting in the 19th month. If the loan is still to be repaid at j12=16.5% by the end of the original 3rd year.
I know how to get amortization on my calculater but i cant get the right answer that my teacher told me.
Ans: 246.38
I know how to get amortization on my calculater but i cant get the right answer that my teacher told me.
Ans: 246.38
