A computer with software costs $2,941, and Catherine Stevens has agreed to pay a 17% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month? She will pay S each month. (Round to the nearest cent as needed.)

A computer with software costs $2,941, and Catherine Stevens has agreed to pay a 17% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month? She will pay S each month. (Round to the nearest cent as needed.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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