I need to borrow $12,000. I can afford payments of $500 per month, and the annual rate

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I need to borrow $12,000. I can afford payments of $500 per month, and the annual rate of interest is 4.5 percent. How many months will it take to pay off the loan?

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Microsoft Excel Data Analysis And Business Modeling

ISBN: 9780137613663

7th Edition

Authors: Wayne Winston

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Question Posted: Apr 18, 2023 04:34 AM

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I need to borrow $12,000. I can afford payments of $500 per month, and the annual rate

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We can use the formula for the present value of an annuity to sol...View the full answer

Microsoft Excel Data Analysis And Business Modeling

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