Question
Lush Gardens Co. bought a new truck for $66,000. It paid $6,600 of this amount as a down payment and financed the balance at 7.50%
Lush Gardens Co. bought a new truck for $66,000. It paid $6,600 of this amount as a down payment and financed the balance at 7.50% compounded semi-annually. If the company makes payments of $1,800 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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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
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