Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. joel is considering putting a $4600 laptop purchas

Joel is considering putting a $4600 laptop purchase on his credit card, which has an...

70.2K

Verified Solution

Question

Basic Math

image

Joel is considering putting a $4600 laptop purchase on his credit card, which has an interest rate of 5.35% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Thinking about your own life, are you engaged in a social capital institution? How does being...

Biology
1.2K views

Energy is transferred through an ecosystem beginning with the producers of the ecosystem In a...

Biology
1.2K views

The n terminus of cGAS prevents it from accessing the mitochondria DNA and initiating an...

Physics
1.2K views

If in earlier days there were not any adv ance technology then how scientists w...

Geometry
1.2K views

Working with PercentsThe sales tax rate in a particular town is 9.4%. How much tax...

Calculus
1.2K views

A function s inverse when it exists switches the roles c x and y If...

Algebra
1.2K views

For the following system of homogenous 3x y 6z y 15z 0 linear equations Use...

Accounting
1.2K views

In boosting macro and micro level business as a result of Covid-19, the government of...

Accounting
1.2K views

Required information (The following infoumnton appliss to the questions displryed belove? Deiph Compeny uses a...

Accounting
1.2K views

5 Sime Darby Plantation Sime Darby Plantation is one of the worlds...

Accounting
1.2K views

0. 0

Finance
1.2K views

4. For the following projects, compute the net present value, internal rate of return, and...