If you buy a computer directly from the manufacturer for $2,654 and agree to repay it in 48 equal installments at 1.93% interest per month on the unpaid balance. how much are your monthly payments? how much total interest will be paid? Your monthly payment is $____. (Round to two decimal places.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 20E: Mortgage A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9%...
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If you buy a computer directly from the manufacturer for $2,654 and agree to repay it in 48 equal installments at 1.93% interest per month on the unpaid balance. how much are your monthly payments? how much total interest will be paid?

Your monthly payment is $____. (Round to two decimal places.)

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