Kristina is going to finance new office equipment at a 5% rate over a 1.5 year term. If she can afford monthly payments of $125, how much can she pay for the new office equipment? Round your answer to the nearest dollar.
Kristina is going to finance new office equipment at a 5% rate over a 1.5 year term. If she can afford monthly payments of $125, how much can she pay for the new office equipment? Round your answer to the nearest dollar.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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