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Lush Gardens bought a new truck for $79,000. It paid $9,000 as a down payment and financed the balance at 5.50% compounded monthly. If the
Lush Gardens bought a new truck for $79,000. It paid $9,000 as a down payment and financed the balance at 5.50% compounded monthly. If the company makes payments of $1,650 at the end of every month, how long will it take to pay off the loan? year(s) + month(s) Round up to the next payment period. Give your answer in years and months.
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