When Jose just moved into the town and wanted to set up an internet connection using AT&T, he was told that the hook up fee is $200. Jose did not have that much money and wanted to pay for it in the next four months when his part-time job at the library started. AT&T customer service said that it was fine, but AT&T did charge 1% monthly interest rate with monthly compounding. How much will his monthly installment be in the next four months?
When Jose just moved into the town and wanted to set up an internet connection using AT&T, he was told that the hook up fee is $200. Jose did not have that much money and wanted to pay for it in the next four months when his part-time job at the library started. AT&T customer service said that it was fine, but AT&T did charge 1% monthly interest rate with monthly compounding. How much will his monthly installment be in the next four months?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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When Jose just moved into the town and wanted to set up an internet
connection using AT&T, he was told that the hook up fee is $200. Jose did not have
that much money and wanted to pay for it in the next four months when his part-time
job at the library started. AT&T customer service said that it was fine, but AT&T
did charge 1% monthly interest rate with monthly compounding. How much will his
monthly installment be in the next four months?
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