Answer:
$3,976.78
Explanation:
In this question, we use the PMT formula which is presented in the spreadsheet.
The NPER represents the time period.
Provided that,
Present value = $41,000
Future value = $0
Rate of interest = 5.1%
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the answer is $3,976.78
