Question: Archway Computer advertises a $1,499 notebook computer that you can take home with no money down in exchange for end of the month payments of

Archway Computer advertises a $1,499 notebook computer that you can take home with no money down in exchange for end of the month payments of $42 at 14.9% APR. 

How many monthly payments would you have to make to pay off this $1,499 loan?

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SOLUTION To calculate the number of monthly payments required to pay off the 1499 loan with no money ... View full answer

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