Question 1203861
calculator used is at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


monthly compounding is assumed.
present value is 2000.
interest rate per time period is 18% per year / 12 = 1.5% per month.
number of time periods is 4 years * 12 = 48 months.
payments are made at the end of each time period.
future value is 0.
calculator says that the payment required at the end of each month is 58.75.


here's what it looks like.


<img src = "http://theo.x10hosting.com/2023/092402.jpg">