Suppose you borrow $2,000 today and expect to pay $150 at the end of each year. If

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Suppose you borrow $2,000 today and expect to pay $150 at the end of each year. If the interest rate is 6%, how long will it take to pay off the $2,000 loan?

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Foundations And Applications Of The Time Value Of Money

ISBN: 9780470407363

1st Edition

Authors: Pamela Peterson Drake, Frank J. Fabozzi

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