Question
Question 15 If you buy a computer directly from the manufacturer for $2,291 and agree to repay it in 36 equal installments at 1.58% interest
Question 15
If you buy a computer directly from the manufacturer for $2,291 and agree to repay it in 36 equal installments at 1.58%
interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid?
Your monthly payment is
$________
(Round to two decimal places.)
The total interest paid is
$________
(Round to two decimal places.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
