Lionheart Trucking recently purchased a new truck costing $178,000. The firm financed this purchase at 6.6 percent interest with monthly payments of $2,400. How many years will it take the firm to pay off this debt

The years of repayment is 7.96 years

Explanation:

The number of years of the loan repayment can be computed using  nper formula in excel.

=nper(rate,-pmt,pv,fv)

rate is the monthly interest rate which is 6.6%/12=0.0055

pmt is the amount of monthly repayment which is $2,400

pv is the amount of the finance package received which is $178,000

fv is the total amount of repayment which is unknown hence taken as zero

=nper(0.0055 ,-2400,178000,0)= 95.55   months

= 95.55 /12 months=7.96 years

hopefull this will you!

the business rule that governs the relationship is one-to-many as there are multiple customers for each agent.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.