Register

Jackson took out a 4-year loan for $5500 at a furniture store to be paid back with monthly payments at a 13.1% APR. If the loan offers no payments for the first 20 months, how m…

Jackson took out a 4-year loan for $5500 at a furniture store to be paid back with monthly payments at a 13.1% APR. If the loan offers no payments for the first 20 months, how m…
11.8k views
3 votes
Jackson took out a 4-year loan for $5500 at a furniture store to be paid back

with monthly payments at a 13.1% APR. If the loan offers no payments for the
first 20 months, how many payments will Jackson be required to make?
A. 68
B. 20
C. 48
D. 28

User BlueFeet
by
7.7k points

2 Answers

3 votes

Answer:

28

Explanation:

A p e x

User Jeffehobbs
by
8.7k points
1 vote

Answer:28

Explanation:

User Dan Monego
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!