Question: Challenge Problem 1 3 - 3 3 ( Algo ) [ LU 1 3 - 2 ( 1 ) ] Assume that you can buy

Challenge Problem

13 - 33 (

Algo

) [

13 - 2 (1)]

Assume that you can buy a

\ (\

6, 800 \)

computer system in monthly installments for

4

years. The seller charges you

\ (12 \ % \)

interest compounded monthly. What is your monthly payment? Assume your first payment is due at the end of the month. Table Note: Round your answer to the nearest cent. Monthly payment

Challenge Problem 1 3 - 3 3 ( Algo ) [ LU 1 3 - 2

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