Lush Gardens Co. bought a new truck for $54,000. It paid $6,480 of this amount as...

 

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Lush Gardens Co. bought a new truck for $54,000. It paid $6,480 of this amount as a down payment and financed the balance at 5.26% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $54,000. It paid $6,480 of this amount as a down payment and financed the balance at 5.26% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period

Answer rating: 100% (QA)

Given Lush Gardens Co bought a new truck for 54000 It paid 6480 of this amount as a down payment and ... View the full answer