Joel is considering putting a $2200 laptop purchase on his credit card, which has an interest rate of 3.7% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.
Joel is considering putting a $2200 laptop purchase on his credit card, which has an interest rate of 3.7% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Joel is considering putting a $2200 laptop purchase on his credit card, which has an interest rate of 3.7% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.
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