Lush Gardens Co. bought a new truck for $50,000. It paid $5,000 of this amount as a down payment and financed the balanc

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Lush Gardens Co Bought A New Truck For 50 000 It Paid 5 000 Of This Amount As A Down Payment And Financed The Balanc 1 (33.17 KiB) Viewed 9 times

Lush Gardens Co. bought a new truck for $50,000. It paid $5,000 of this amount as a down payment and financed the balance at 6.50% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? o years o months Express the answer in years and months, rounded to the next payment period