Question
One of your customers has just made a purchase in the amount of $19,200. You have agreed to payments of $335 per month and will
One of your customers has just made a purchase in the amount of $19,200. You have agreed to payments of $335 per month and will charge a monthly interest rate of 1.11 percent. How many months will it take for the account to be paid off?
- 98.64 months
- 91.59 months
- 44.60 months
- 85.49 months
- 57.31 months
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
