Jenna is repaying a 120-month loan with interest compounded monthly at 12%. Calculate the payment in which the absolute value of the difference between the interest paid and the principal
repaid is...

I understand "nomoreexams" method but Can you do with formula please.I did 2000=400+ 400(1.04) +.......X found the smaller final payment X's value and also the number of payments
OB3=400(1.04)^3+...

thanks much

A borrows $2000 at an effective rate of interest of 10% per annum and agrees
to repay the loan with payments at the end of each year. The first payment
is to be $400 and each payment thereafter is...

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