Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. lush gardens co. bought a new truck for $56,000. i

Lush Gardens Co. bought a new truck for $56,000. It paid $5,600 of this amount...

80.2K

Verified Solution

Question

Basic Math

image

Lush Gardens Co. bought a new truck for $56,000. It paid $5,600 of this amount as adown payment and financed the balance at 5.50% compounded semi-annually. If thecompany makes payments of $1,800 at the end of every month, how long will it take tosettle the loan?__years__monthsExpress the answer in years and months, rounded to the next payment period

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

Basic Math
1.2K views

Given f(x) = (x4 - 2)(x5 - 10x + 1)3 Find the definite integral of f(x) on...

Basic Math
1.2K views

Suppose that a pharmaceutical company makes the assertion that Drug A has a stronger effect than...

Psychology
1.2K views

write one page conversation on answering and forward telephone calls by receptionist

Physics
1.2K views

12 Relative permeability of iron is 5500 then its 12 magnetic susceptibility is 2 5501...

Statistics
1.2K views

3 10 points Let s go to the movies A random sample of 42 Foreign...

Calculus
1.2K views

H P 2 Page 2 of 2 Write a formula for a function g whose...

Calculus
1.2K views

Question Consider the region bounded by the graphs of f x 0 7e0 7x g...

Accounting
1.2K views

Cepeda Corporation has the following cost records for June 2020. Indirect factory labor...

Accounting
1.2K views

E&K Company has a net book value of $220,000. The company has a 10% cost...

Accounting
1.2K views

let me know if the answers for this pratice exam are correct ...

Accounting
1.2K views

Consolidation Worksheet Entries \begin{tabular}{l|lll} 1 & 4 & 5 & 6 \end{tabular} Prepare Entry C1...

Accounting
1.2K views

Silver Company is a food manufacturer and produced 15,000 units of its product this year....