Kathy's internet company charges a connection fee of $0.21 for each call she makes from her computer. The company also charges $
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Answer:
For a duration of 5 years, Monthly Payment =$600.42
For a duration of 6 years, Monthly Payment =$508.83
Step-by-step explanation:
where a= Amount to Finance=$33,000
Annual interest rate = 3.5%=0.035
r=Monthly Interest Rate= 0.035 ÷ 12 =
n=number of months to pay
For a duration of 5 years
n=5X12=60 months
For a duration of 6 years
n=6X12=72 months