Suppose you want to buy a new computer system and the store is willing to sell it to allow you to make monthly payments. The entire computer system costs $3,500. The loan period is for 2 year and the interest rate is 16.9% with monthly compounding. What is your monthly payment? How much will this computer cost you?
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Home » Business » Suppose you want to buy a new computer system and the store is willing to sell it to allow you to make monthly payments. The entire computer system costs $3,500. The loan period is for 2 year and the interest rate is 16.9% with monthly compounding.