Find the payment necessary to amortize a 4​% loan of ​$1900 compounded​ quarterly, with 19 quarterly payments.

Answer 1

PV = 1900
i = .04/4 = .01
n = 19
paym = ?

PV = paym( 1 - (1+i)^-n ) / i

sub in the values, and solve for paym