Question: Jodi has just bought a new computer ($2000), a printer ($350), and a scanner ($210). She wants to take the monthly payment option. There is
Jodi has just bought a new computer ($2000), a printer ($350), and a scanner ($210). She wants to take the monthly payment option. There is a monthly interest of 3 percent on her purchase.
a.If Jodi pays $100 per month, how long does it take to complete her payments?
b.If Jodi wants to finish paying in 24 months, how much will her monthly payment be?
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To solve Jodis payment plans we can use the concept of an amortizing loan where the principal and in... View full answer
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