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White Mountain Recycling just bought a new vending machine. To pay for the vending machine, the company took out a loan that requires White Mountain
White Mountain Recycling just bought a new vending machine. To pay for the vending machine, the company took out a loan that requires White Mountain Recycling to pay the bank a special payment of 5,080 dollars in 7 month(s) and also pay the bank regular payments of 4,130 dollars each month forever. The interest rate on the loan is 1.27 percent per month and the first monthly payment of 4,130 dollars will be paid in 1 month. What was the price of the vending machine?
How do I set this up and can I plug it into a Ti-84?
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