Question
A pottery factory purchases a continuous belt conveyor kiln for $43,000. A 6.4% APR loan with monthly payments is taken out to purchase the kiln.
A pottery factory purchases a continuous belt conveyor kiln for $43,000. A 6.4% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $406.71, over what term is this loan being paid? Solve by showing all work without financial caulater or excel.
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
