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A computer costs $1200. You pay $200 in cash and finance the rest for 2 years at 4% interest compounded monthly. If you make monthly
A computer costs $1200. You pay $200 in cash and finance the rest for 2 years at 4% interest compounded monthly. If you make monthly payments, what is the total amount of interest that youll end up paying? Round your answer to 2 decimal places. (See page 83 (video 61)) (Answer: $42.08)
does anyone know what numbers to plug into a graphing calculator? or the steps to get this answer?
N= I= PV= PMT= FV= P/Y, C/Y =
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