Calculate the regular monthly payments, Mathematics

A washing machine, cash price $ 850 is available on the following terms:

A deposit of $ 100 followed by equal payments at the end of each month for the next 18 months, if interest is 6% pa compounded monthly for the first 6 months and 8% pa compounded monthly thereafter, determine the size of the regular monthly payments.

Posted Date: 3/1/2013 5:17:59 AM | Location : United States

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