Compute the total amt jainie must pay at that time

Reference no: EM13206985

janie Curtis borrowed $22,000 from a bank at an interest rate of 9% compounded monthly. This loan is to be repaid in 36 equal monthly installments over 3 yrs. Immediately after her 20th payment, Janie desires to pay the remainder of the loan in a single payment. Compute the total amt she must pay at that time.

Reference no: EM13206985

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