Mathematics, 18.07.2019 18:00 Lilbre6999
You plan on financing a new road bike for $2,500. the bike shop offers a 13.5% apr for a 24 month loan. use this information, and the table above, to determine the monthly payments. round your answer to the nearest cent.
Answers: 1
, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
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You plan on financing a new road bike for $2,500. the bike shop offers a 13.5% apr for a 24 month lo...
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