3 years ago

Find the equivalent cash price of a $1500 monthly payment over two years assuming 18% interest compounded monthly.

Mathematics

2 answers:

Mila [183]3 years ago

7 0

6840 that is the answer

raketka [301]3 years ago

4 0

Answer:

6480

Step-by-step explanation:

18% of 1500 is 270 x 24 for each month of 2 years and you get 6480

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Find the equivalent cash price of a $1500 monthly payment over two years assuming 18% interest compounded monthly￼.

Find the equivalent cash price of a $1500 monthly payment over two years assuming 18% interest compounded monthly.