A Man Purchased a New Laser Printer for His Computer

question 71

Short Answer

A man purchased a new laser printer for his computer for $1100 and agreed to pay off the loan by making monthly payments of $59.If the store charges an interest rate of 12.2% compounded monthly,how many months will it take to pay off the debt?

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Definitions:

Ethnically Diverse

Describes a group or population composed of individuals from various ethnic backgrounds or heritages.

Eclectic Therapist

A therapist who employs a variety of psychological theories and techniques to create a customized approach to therapy.

Porosity

The measure of void spaces in a material, indicating the capacity to hold fluids.

Groundwater

Water that is found underground in the cracks and spaces in soil, sand, and rocks, forming aquifers.