Question 1207350
calculator at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a> can help you solve this.


you ant to find the present value of the payments made at the end of each month for 4 years.


the amount of the loan is the present value.
this is equal to 10,600 minus .10 * 10600 = 9540.


your input are:
present value = 9540
future value = 0
number of time periods = 4 * 12 = 48 months.
interest rate per time period = 7.2 per yer / 12 = .6% per month.
payments are made at the end of each month.


click on pmt and the calculator tells you that you will have to pay 229.33 at the end of each month for the next 48 months to satisfy the loan.


here are the results from using that calculator.


<img src = "http://theo.x10hosting.com/2024/052705.jpg">