A $1000.00 loan over a 12month period, at rate 1% per month.

Monthly payments are p per month for 1st 4 months,

no payments next 4 months, then p per month for last 4 months.

Calculate p.Code:MONTH PAYMENT INTEREST BALANCE 0 1000.00 1 -p 10.00 ? 2 -p ? ? 3 -p ? ? 4 -p ? ? 5 0.00 ? ? 6 0.00 ? ? 7 0.00 ? ? 8 0.00 ? ? 9 -p ? ? 10 -p ? ? 11 -p ? ? 12 -p ? 0.00