SOLUTION: Andrea wants to buy a​ high-end racing bicycle. She wants to spend ​$7800 and take out a loan over 44 years. How much will she have to pay each month for the next four

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Question 1073680: Andrea wants to buy a​ high-end racing bicycle. She wants to spend ​$7800 and take out a loan over 44 years. How much will she have to pay each month for the next four years to purchase the bike if she is charged 7.9​% interest compounded​ monthly?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
There is that 44 again. Do you realize that most people get either 4 or 5 year financing on a car? Usually 30 years for a house? And you're saying 44 years for a bicycle?
Check your numbers.