Earl obtained a loan for 19000 dollars he will pay it back


Earl obtained a loan for 19000 dollars. He will pay it back in 35 months with an interest rate of 5 yearly compounded monthly. Each payment will be $200 larger than the previous payment. Calculate the amount of the last payment.

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Financial Management: Earl obtained a loan for 19000 dollars he will pay it back
Reference No:- TGS01161542

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