Question 1201026
payment at the end of each month would have to be equal to 2270.96.


i used the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here are the results.


<img src = "http://theo.x10hosting.com/2023/031603.jpg">


the number of time periods are 10 years * 12 months per year = 120 months.
the interest rate per time period is 6.5% per year / 12 = .54166666666.....% per month.


the present value is positive because that what is received.
the paymentis negative becausre that's what is spent.
payments are made at the end of each time period.