Lush Gardens Co bought a new truck for $56,000 It paid $5,040 of this amount as a down payment and financed the balance at 3 15 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 years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co bought a new truck for $54,000 It paid $5,400 of this amount as a down payment and financed the balance at 5 50 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 years months Express the answer in years and months, rounded to the next payment period

Question

Lush Gardens Co  bought a new truck for $56,000  It paid $5,040 of this amount as a down payment and financed the balance at 3 15  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  years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co  bought a new truck for $54,000  It paid $5,400 of this amount as a down payment and financed the balance at 5 50  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  years months Express the answer in years and months, rounded to the next payment period

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Lush Gardens Co. bought a new truck for $56,000. It paid $5,040 of this amount as a down payment and financed the balance at 3.15%

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