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Jill buys a Mercedes for $34000 paying $4000 down and the reminder in equal monthly payments over 6 years at 7%c.m. She misses payments 20
Jill buys a Mercedes for $34000 paying $4000 down and the reminder in equal monthly payments over 6 years at 7%c.m. She misses payments 20 and 21 and then resumes regular payments.
a) Determine the regular monthly payment.
b) What is Bal19?
c) What is new P.V. and n for new P.V. ( write these two values as P.V. , n; round n to two decimal places)
d) What will be the last partial payment (without final month interest)?
e) What is the final payment?
no work needed! looking to confirm answer
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