Question: WILL THUMBS UP PLEASE! Question 3 (1 point) Cissy has borrowed $2,200 at 0.6% per month and pays $250 at the end of each month.

WILL THUMBS UP PLEASE!

Question 3 (1 point) Cissy has borrowed $2,200 at 0.6% per month and pays $250 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.) Your Answer: Answer Question 4 (1 point) You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest rate of 8.4%. If the bond initially costs $4,275, what is the payment every year? (Provide the numeric answer to 2 decimal places.)

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