Question
1.How many months will it take you to pay off a loan of $19,000 at 7% APR compounded monthly if you make monthly payments of
1.How many months will it take you to pay off a loan of $19,000 at 7% APR compounded monthly if you make monthly payments of $950?
2.To pay for your education, you've taken out $90,000 in student loans. If you make monthly payments over 10 years at 4% APR interest compounded monthly, how much are your monthly student loan payments?
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
