A building is priced at $100,000. If a downpayment of $40,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly.

Answer:

ieff = Blank 1 show two decimal

N (no. of months to pay) = Blank 2

Note: Do not round in between solution. Final answer round to the nearest whole number