Question: Please answer ASAP! I will leave a thumbs up. Cissy has borrowed $4,500 at 0.4% per month and pays $200 at the end of each

Please answer ASAP! I will leave a thumbs up. Please answer ASAP! I will leave a thumbs up. Cissy has borrowed

Cissy has borrowed $4,500 at 0.4% per month and pays $200 at the end of each month. How many months does she need to pay off this debt? (Provide the numeric answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!