Mathematics
Mathematics, 24.10.2021 02:50, Maxwell8066

You have deposit $2500 into an account that compounds interest at a rate 1% monthly. You have an automatic withdrawal of $40 to pay off your 5 year loan on a flat-screen tv. How long to the nearest tenth of a year, will it take to pay off the loan? Will you be able to pay off the loan in time?

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You have deposit $2500 into an account that compounds interest at a rate 1% monthly. You have an aut...

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