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Luis took out a 3 year loan for $4500 at a furniture store to be paid back
monthly payments at a 15.9% APR. If the loan offers no payments for the first
15 months, how many payments will Luis be required to make?

Respuesta :

marvelgeekaudrareese

Answer:

$1252.13

Step-by-step explanation:

15.9% = .159

$4500 multiplied by .159 = $715.50

3 yrs = 36 months

36 months - 15 months = 21 months

21 months = 1.75 yrs.

$715.50 multiplied by 1.75 = $1252.13

Answer : 21 --- APEX

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