Answer:
Michelle will be required to make 34 payments.
Step-by-step explanation:
Michelle took out a 5-year loan for $1650 at a computer store to be paid back with monthly payments at an 8.9% APR.
The loan amount = $1650
The APR is =8.9%
The loan term is = 5 years or [tex]5\times12=60[/tex] months
Now given is that the loan offers no payments for the first 26 months. This means Michelle will be required to make = [tex]60-26=34[/tex] payments.
Hence, the answer is: Michelle will be required to make 34 payments.
