Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
Logan had seamless rain gutters installed around her home at a cost of $1,900. She financed the total amount for 18 months at an annual interest rate of 4.5% compounded monthly. What is the amount of her monthly payment? (Round your answer to the nearest cent.)
$
After making 12 payments, Logan decided to repay the loan in full. How many payments did she have left at this time?
payments
What is Logan's payoff (in dollars)? (Round your answer to the nearest cent.)
$
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