Find the equivalent cash price of a $1500 monthly payment over two years assuming 18% interest compounded monthly.

asked Mar 6, 2023 43.1k views

21 votes

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14 votes

6840 that is the answer

Shotor answered Mar 9, 2023

7.1k points

11 votes

Answer:

6480

Explanation:

18% of 1500 is 270 x 24 for each month of 2 years and you get 6480

Hluk answered Mar 10, 2023

by Hluk

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