Lush Gardens Co. bought a new truck for $54,000. It paid $5,400 of this amount as a down payment and financed the balance at 4.47% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? 0 years 0 months Express the answer in years and months, rounded to the next payment period. No hand written solution and no image
Lush Gardens Co. bought a new truck for $54,000. It paid $5,400 of this amount as a down payment and financed the balance at 4.47% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? 0 years 0 months Express the answer in years and months, rounded to the next payment period. No hand written solution and no image
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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Lush Gardens Co. bought a new truck for $54,000. It paid $5,400 of this amount as a down payment and financed the balance at 4.47% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? 0 years 0 months Express the answer in years and months, rounded to the next payment period. No hand written solution and no image
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