Question

Automotive Excellence Inc. borrowed ​$16 comma 000.0016,000.00 on April 8April 8 with an interest rate of...

Automotive Excellence Inc. borrowed

​$16 comma 000.0016,000.00

on

April 8April 8

with an interest rate of

8.38.3​%

per annum. On

June 17June 17​,

$ 5600.00$5600.00

was​ repaid, and on

August 9August 9​,

$ 5600.00$5600.00

was repaid. Automotive Excellence paid the balance of the loan on

December 1.December 1.

What was the final​ payment?

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