A motorcycle is for sale for $26,000. The dealer iswilling
Chapter , Problem 6-24(choose chapter or problem)
A motorcycle is for sale for $26,000. The dealer iswilling to sell it on the following terms:No down payment; pay $440 at the end ofeach of the first 4 months; pay $840 at theend of each month after that until the loanhas been paid in full.At a 12% annual interest rate compounded monthly,how many $840 payments will be required?
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