Nancy borrowed $8000 from her grandfather to buy a car when she started college. The interest ...

Nancy hnrmwed ssnou fmm nergrandtatnerta buy a carwnen she started cuuege. the interest rate being charged is aniy 4.5% compounded monthly, Nancy is ta make the first $200 muntmy payment t w on the iaan three years artertne dale afthe luan. Haw lung aftertne date eitne initial iaan will she F“ ; P' l I 4a l) make the «nai payment? Round up the number uf payments. tut): u,g°/.‘»,n.>“15°" fl; 5W‘,(|+o.ooh§) /—\) 45mg} as *5”? , “on law's Fig M (til) ) ‘ 3:1» | U+o.w}1§)) l.nm:" ” Mon 7’53" o ( “our onU 2m) 9,th 0.310 ' Q)" 0 MW)“ n19» mum w MN MW. It! So 35.45 J”— x WW“ 1111