If you buy a computer directly from the manufacturer for $2,825 and agree to repay it in 48 equal installments at 1.94% interest per month on the unpaid balance, how much are your monthly payments? ..... Your monthly payment is $ (Round to two decimal places as needed.)
If you buy a computer directly from the manufacturer for $2,825 and agree to repay it in 48 equal installments at 1.94% interest per month on the unpaid balance, how much are your monthly payments? ..... Your monthly payment is $ (Round to two decimal places as needed.)
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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