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Posted on Nov 13, 2023

What will be the total price of a Microwave Oven purchased with an initial fee of $ 130,000 and 20 monthly installments distributed as follows:

first installment of $ 15,500,

second installment $ 15,700,

third installment $ 15,900 and so on, knowing that the interest rate is 30% nominal monthly?

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Assuming the microwave oven is purchased today the total price would be 21233622 Heres the breakdown of the calculation Initial fee 130000 Monthly ins... blur-text-image

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