Question:
Lush Gardens Co. bought a new truck for $56,000. It paid
Last updated: 7/18/2022
Lush Gardens Co. bought a new truck for $56,000. It paid $5,600 of this amount as a down payment and financed the balance at 5.50% compounded semi-annually. If the company makes payments of $1,800 at the end of every month, how long will it take to settle the loan? __years__months Express the answer in years and months, rounded to the next payment period