Question 1182560
A loan of $15,280 was repaid at the end of 8 months. What size repayment check​ (principal and​ interest) was​ written, if an 11.7% annual rate of interest was​ charged?

Round to two decimal places.
<pre>Accumulated/Future VALUE formula: {{{matrix(2,3, A, "=", P(1 + TR), A, "=", "15,280"(1 + (8/12) * .117))}}}
Accumulated/Future Value, or {{{highlight_green(matrix(1,3, A, "=", "$16,471.84"))}}}