Question 6 of 10 Lush Gardens Co. bought a new truck for $50,000. It paid...
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Question 6 of 10 Lush Gardens Co. bought a new truck for $50,000. It paid $4,500 of this amount as a down payment and financed the balance at 4.04% compounded semi-annually. If the company makes payments of $1,500 at the end of every month, how long will it take to settle the loan? 0 years Express the answer in years and months, rounded to the next payment period Question 7 of 10 0 0 Your RRSP savings of $42,500 are converted to a RRIF at 5.40% compounded monthly that pays $5,392 at the beginning of every month. After how many payments will the fund be depleted? Round to the next payment months
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