Mathematics
Mathematics, 07.04.2020 00:31, saucyboyFredo

Joan borrowed $17 000.00 to buy a car. She repaid $4100.00 two months later and $7700.00 six months later. After twelve months, she borrowed an additional $6000.00, and repaid $4900.00 after 19 months. She paid the entire balance, including the interest, after 24 months. Interest was 5% compounded monthly for the first year and 5.7% compounded monthly for the remaining time. What was the size of the final payment?

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Joan borrowed $17 000.00 to buy a car. She repaid $4100.00 two months later and $7700.00 six months...

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