Question
If you buy a computer directly from the manufacturer for $2,725 and agree to repay it in 36 equal installments at 1.94% interest per month
If you buy a computer directly from the manufacturer for $2,725 and agree to repay it in 36 equal installments at 1.94% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid?
Your monthly payment is Round to two decimal places.)
The total interest paid is (Round to two decimal places.)
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
