Sheds r us sells 700 sheds on a monthly payment plan over 5


Sheds R Us sells $700 sheds on a monthly payment plan over 5 years.

a) If the interest rate is 3.25% per month, find the monthly payment.

Answer = $

b) If instead the interest rate is 3.5% per month, find the monthly payment

Answer = $

Solution Preview :

Prepared by a verified Expert
Finance Basics: Sheds r us sells 700 sheds on a monthly payment plan over 5
Reference No:- TGS02519716

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)