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Lush Gardens Co. bought a new truck for $58,000. It paid $4,640 of this amount as a down payment and financed the balance at 4.17%

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Lush Gardens Co. bought a new truck for $58,000. It paid $4,640 of this amount as a down payment and financed the balance at 4.17% compounded semi-annually. If the company makes payments of $1,700 at the end of every month, how long will it take to settle the loan? 0 years o months Express the answer in years and months, rounded to the next payment period You plan to save money for a down payment of $36,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 5.50% compounded monthly. How long will it take you to save the planned amount? 0 years o months Express the answers in years and months, rounded to the next payment period

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