A building is priced at $255,000. If a buyer makes a down payment of $55,000 and a

Question:

A building is priced at $255,000. If a buyer makes a down payment of $55,000 and a payment of $2,000 every month thereafter, how many months will it take for the buyer to completely pay for the building? Interest is charged at a rate of 9% compounded monthly.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: