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Chapter 7 Installment Loans Use: Time Value of Money (TMV) keys Todd Gunderson bought a motorcycle from his neighbor for $9.000. He paid $400 down

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Chapter 7 Installment Loans Use: Time Value of Money (TMV) keys Todd Gunderson bought a motorcycle from his neighbor for $9.000. He paid $400 down and financed the remainder at a 4.5% interest rate on the balance. If he makes monthly payments of $200, how many months will it take Todd to pay off the motorcycle? Express your answer as a whole number of months

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