Logan had seamless rain gutters installed around her home at a cost of $1,900. She financed the total amount for 18 months at an annual interest rate of 4.5% compounded monthly. What is the amount of her monthly payment? (Round your answer to the nearest cent.) $ After making 12 payments, Logan decided to repay the loan in full. How many payments did she have left at this time? payments What is Logan's payoff (in dollars)? (Round your answer to the nearest cent.) $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Logan had seamless rain gutters installed around her home at a cost of $1,900. She financed the total amount for 18 months at an annual interest rate of 4.5% compounded monthly. What is the amount of her monthly payment? (Round your answer to the nearest cent.)
$
After making 12 payments, Logan decided to repay the loan in full. How many payments did she have left at this time?
payments
What is Logan's payoff (in dollars)? (Round your answer to the nearest cent.)
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