Sheds R Us sells $700 sheds on a monthly payment plan over 3 years. a) If the interest rate is 2.5% per month, find the monthly payment. b) If instead the interest rate is 2.75% per month, find the monthly payment

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 16E: Mortgage What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the...
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Sheds R Us sells $700 sheds on a monthly payment plan over 3 years.


a) If the interest rate is 2.5% per month, find the monthly payment.

b) If instead the interest rate is 2.75% per month, find the
monthly payment

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