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Previous Page Next Page Page 8 of 14 Question 8 (5 points) This is a written response question. You must enter your answer in the
Previous Page Next Page Page 8 of 14 Question 8 (5 points) This is a written response question. You must enter your answer in the response box provided. To earn full marks for this question, you must also enter the data you entered into your calculator and for each item indicate the corresponding key: N, I/Y, C/Y, P/Y, PV, PMT, FV. UpBeat Wedding and Event Band is purchasing a DTX Electronic Drum Set for $1.299 and financing the purchase with quarterly payments of $140.53 at an interest rate of 8.5% compounded quarterly. How long is the term of their financing agreement in years and months. Round up to the nearest month. Round final answer up to the nearest whole month. + * Paragraph B 1 UA BGN mode
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