A company has ordered 6 new desktop computers at $2296 each. The systems will be delivered in 9 months. What can the company put in an account today at 7.75% compounded monthly so that money plus interest will be enough to pay for the computers at the time of delivery?
Added by Logan A.
Step 1
To find the total cost of the computers, multiply the cost of one computer by the number of computers ordered. Total cost = Cost per computer × Number of computers Total cost = $2296 × 6 Show more…
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