Question
(1 point) Sheds R Us sells $900 sheds on a monthly payment plan over 5 years. a) If the interest rate is 3% per month,
(1 point) Sheds R Us sells $900 sheds on a monthly payment plan over 5 years.
a) If the interest rate is 3% per month, find the monthly payment.
Answer = $
b) If instead the interest rate is 3.25% per month, find the monthly payment
Answer = $
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
