How long will it take to pay off a loan of $48,000 at an annual rate of
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How long will it take to pay off a loan of $48,000 at an annual rate of 12 percent compounded monthly if you make monthly payments of ?$800?? Use five decimal places for the monthly percentage rate in your calculations.
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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