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How much would each monthly payment to jacksons boats

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Rita wants to buy a boat that is available at two dealerships. The price of the boat is the same at both dealerships. Midway Motors would let her make quarterly payments of 4,750 dollars for 10 years at a quarterly interest rate of 2.42 percent. Her first payment to Midway Motors would be due in 3 months. If Jacksons Boats would let her make equal monthly payments for 2 years at a monthly interest rate of 0.93 percent and if her first payment to Jacksons Boats would be today, then how much would each monthly payment to Jacksons Boats be?

Reference no: EM132117045

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