Question
Alar borrowed $2,000 from his mother at 8% compounded quarterly (to buy Maple Leafs ! Playoff tickets) and will repay the loan with $189.12 quarterly
Alar borrowed $2,000 from his mother at 8% compounded quarterly (to buy Maple Leafs ! Playoff tickets) and will repay the loan with $189.12 quarterly payments. In how many years will he pay off the loan?
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Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
