You decided to buy a TV set on an installment basis. agree to pay 2, 999 every end of the month, with 18 equal monthly payments at a 2% interest rate. How much are your payments after 18 months?
You decided to buy a TV set on an installment basis. agree to pay 2, 999 every end of the month, with 18 equal monthly payments at a 2% interest rate. How much are your payments after 18 months?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:You decided to buy a TV set on an installment basis and
agree to pay 2, 999 every end of the month, with 18
equal monthly payments at a 2% interest rate. How
much are your payments after 18 months?
(Note: Cut four decimal places and round- off to the
nearest ten thousandths for i computed value)
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