If you buy a computer directly from the manufacturer for 2,593 and agree to repay it in 36 equal

Question

Linda Hand · Accepted Answer

1. First, we need to calculate the monthly interest rate. We can do this by dividing the annual

If you buy a computer directly from the manufacturer for $2,593 and agree to repay it in 36 equal installments at 1.52% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $. (Round to two decimal places.)