business math

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A computer with software costs $2,987, and Docie Johnson has agreed to pay 19% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?

  • business math -

    2,987 * 0.19 * 1.5 = 851.30

    851.3 + 2,987 = 3838.3

    3838.3 / 18 = ?

  • business math -

    $213.24

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