How may 84dollar payments will be required

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Reference no: EM13212619

a motorcycle is for sale for $2600. the dealer is willing to sell it on the folowing terms: No downpayment; pay $44 at the end of each of the first 4 months; pay$84 at the end of each mont after that until the loan has been paid in full. At a 15% annual interest rate compounded monthly, how may $84 payments will be required?

Reference no: EM13212619

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How may 84dollar payments will be required : a motorcycle is for sale for $2600. the dealer is willing to sell it on the folowing terms: No downpayment; pay $44 at the end of each of the first 4 months; pay$84 at the end of each mont after that until the loan has been paid in full.

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