Take for the buyer to completely pay for the building

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Reference no: EM13710333

A building is priced at $255,000. If a buyer makes a down payment of $55,000 and a payment of $2,000 every month thereafter, how many months will it take for the buyer to completely pay for the building? Interest is charged at a rate of 9% compounded monthly.

Reference no: EM13710333

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Take for the buyer to completely pay for the building : A building is priced at $255,000. If a buyer makes a down payment of $55,000 and a payment of $2,000 every month thereafter, how many months will it take for the buyer to completely pay for the building? Interest is charged at a rate of 9% compounded..

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