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A portery factoru purchased a continuous belt conveyor kin for $47.000. A 7.5% APR loan with monthly payments is taken out to purchase the kin.
A portery factoru purchased a continuous belt conveyor kin for $47.000. A 7.5% APR loan with monthly payments is taken out to purchase the kin. If the monthly payments are $557.90, over what term is this loan being paid?
pasa? A. 71 yoas B. Byeace c. 9 years D. 10 yean a 11yrs
b 8 yrs
c 9 yrs
d 10 yrs
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Technology And Finance Challenges For Financial Markets Business Strategies And Policy Makers
Authors: Morten Balling, Frank Lierman, Andy Mullineux
1st Edition
041529827X, 978-0415298278
