Problem
A motorcycle is for sale for $26,000. The dealer is willing to sell it on the following terms: No down payment; pay $440 at the end of each of the first 4 months; pay $840 at the end of each month after that until the loan has been paid in full. At a 12% annual interest rate compounded monthly, how many $840 payments will be required?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.