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Lush Gardens Co. bought a new truck for $52,000. It paid $5,720 of this amount as a down payment and financed the balance at 4.01%
Lush Gardens Co. bought a new truck for $52,000. It paid $5,720 of this amount as a down payment and financed the balance at 4.01% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? Full solutions should be shown on separate sheets of paper. Submit your solutions. years months Express the answer in years and months, rounded to the next payment period
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