Question
Assume that you can buy a $6,500 computer system in monthly installments for 4 years . The seller charges you 12% interest compounded monthly. What
Assume that you can buy a $6,500 computer system in monthly installments for 4 years. The seller charges you 12% interest compounded monthly. What is your monthly payment? Assume your first payment is due at the end of the month. (Present value of annuity of $1 is 8.2972)(Do not round intermediate calculations. Roundyour answer to the nearest cent.)
Monthly payment$
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
