While Lisa was a student at the University of Ottawa, she borrowed $12,000 in student loans a
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While Lisa was a student at the University of Ottawa, she borrowed $12,000 in student loans a loan at an annual interest rate of 8%. If Lisa repays $1,600 per year, how long, to the nearest year, will it take her to repay the loan?
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With a calculator enter I 8 PV 12000 ...View the full answer
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Related Book For 
Financial Management Theory And Practice
ISBN: 978-0176583057
3rd Canadian Edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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