Clay Harden borrowed 24 000 from a bank at an interest rate

Last updated: 1/15/2024

Clay Harden borrowed 24 000 from a bank at an interest rate of 10 compounded monthly The loan will be repaid in 48 equal monthly installments over four years Immediately after his 20th payment Clay desires to pay the remainder o the loan in a single payment Compute the total amount he must pay The total amount Clay must pay immediately after his 20th payment will be Round to the nearest dollar