3.25 (LG 3.4) Yoko has just bought a new computer ($2000), a printer ($350), and a scanner ($210). She wants to use the monthly payment option. There is a monthly interest of 3 percent on her purchase. a. If Yoko pays $100 per month, how long does it take to complete her раy- ments? b. If Yoko wants to finish paying in 24 months, how much will her monthly payment be?
3.25 (LG 3.4) Yoko has just bought a new computer ($2000), a printer ($350), and a scanner ($210). She wants to use the monthly payment option. There is a monthly interest of 3 percent on her purchase. a. If Yoko pays $100 per month, how long does it take to complete her раy- ments? b. If Yoko wants to finish paying in 24 months, how much will her monthly payment be?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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the answer to this question is Q3.25a=$49.46 months, Q3.254b=$151 but we just need to find how we get that answer for these questions, please help
Transcribed Image Text:3.25 (LG 3.4) Yoko has just bought a new computer ($2000), a printer ($350), and a
scanner ($210). She wants to use the monthly payment option. There is a
monthly interest of 3 percent on her purchase.
a. If Yoko pays $100 per month, how long does it take to complete her pay-
ments?
b. If Yoko wants to finish paying in 24 months, how much will her monthly
payment be?
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