Tira purchases a new computer by financing it on the 'no payment until next year...
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Tira purchases a new computer by financing it on the 'no payment until next year plan. The cash price of the computers $1329. The financing agreement requires equal payments every month for two years. If the first payment of 580 is due at the beginning of the month starting one year after the date of purchase, and interestis 217 compounded money during the first year what the monthly compounded nominal interest rate for the following two years? The nominal interest rate compounded monthly (Round the final answer to two decimal places. Round at intermediate valute to deciples as needed
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