A2 5a This question consists of three parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places. a....

    A2 5a

This question consists of three parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places.

a. You have taken out a loan that requires you to repay $200 per month for 10 years at 12% annual percentage rate with monthly compounding. The first payment occurs today. What is the current value of this loan?

may i please have the answer in formula form?