A building is priced at $100,000. If a downpayment of S40,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is...


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A building is priced at $100,000. If a downpayment of S40,000 is made, an a payment of $1,000 every month<br>thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of<br>12% compounded monthly.<br>Answer:<br>ieff = Blank 1 show two decimal<br>N (no. of months to pay) = Blank 2<br>Note: Do not round in between solution. Final answer round to the nearest whole number. No need to put UOM (unit of measure).<br>Blank 1 Add your answer<br>Blank 2<br>Add your answer<br>

Extracted text: A building is priced at $100,000. If a downpayment of S40,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly. Answer: ieff = Blank 1 show two decimal N (no. of months to pay) = Blank 2 Note: Do not round in between solution. Final answer round to the nearest whole number. No need to put UOM (unit of measure). Blank 1 Add your answer Blank 2 Add your answer

Jun 03, 2022
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