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Please show your work! Suppose Daryl spontaneously decides to treat all his friends to pizza, drinks, and dessert at a dine i
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Answer #1

Using financial calculator
Input:

PV = 158.45 (This is the loan amount)

I/Y = 22.99/12 (This is the monthly rate of interest)

PMT = -27 (Monthly payments)

Solve for N as 6.284886

It will take him 6.28 months to pay for the purchase.

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