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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
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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
9.2k points
1 vote

Answer:28

Explanation:

User Dan Monego
by
8.4k points
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