Question
Lucinda wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Luczak Motors
Lucinda wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Luczak Motors would let her make quarterly payments of $5,800.00 for 7 years at a quarterly interest rate of 3.87 percent. Her first payment to Luczak Motors would be due immediately. If White Cars would let her make equal monthly payments of $3,600.00 at a monthly interest rate of 2.18 percent and if her first payment to White Cars would be in 1 month, then how many monthly payments would Lucinda need to make to White Cars?
22.39 (plus or minus 0.3 payments)
44.52 (plus or minus 0.3 payments)
42.95 (plus or minus 0.3 payments)
21.78 (plus or minus 0.3 payments)
20.05 (plus or minus 0.3 payments)
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