A motorcycle is for sale for $2600. The motorcycle dealer is willing to sell it on the

Question:

A motorcycle is for sale for $2600. The motorcycle is willing to sell it on the following terms: No down payment; pay $44 at the end of each of the first 4 months; pay $84 at the end of each month after that until the loan has been paid in full. Based on these terms and a 12% annual interest rate compounded monthly, how many $84 payments will be required?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...