Suppose you buy a new electric motorcycle for $14,550 and agree to pay for it in 36 equal monthly payments at 4.5% interest per month on the unpaid balance. a) How much are your payments? 

 A company estimates that it will need $205,000 in 5 years to replace their computer server. If the company establishes a sinking fund by making fixed monthly payments into an account that pays 4.6% compo

Answer rating: 100% (QA)

Monthly Payment Calculation for Electric Motorcycle We can use the loan pay... View the full answer