Question
A pottery factory purchases a continuous belt conveyor kiln for $47,000. A 8% APR loan with monthly payments is taken out to purchase the kiln.
A pottery factory purchases a continuous belt conveyor kiln for $47,000. A 8% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $465.93 , over what term is this loan being paid?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
