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Ali wants to buy an apartment. He needs to borrow 95000TL with monthly interest rate (for one month) 0.85%. He is told by the bank
Ali wants to buy an apartment. He needs to borrow 95000TL with monthly interest rate (for one month) 0.85%. He is told by the bank that the monthly equal payment is 1064.24TL. Calculate the (rounded to the closest) number of months until maturity date of this credit? Please choose one.
a. Number of Months: 154
b. Number of Months: 155
c. Number of Months: 156
d. Number of Months: 168
e. Number of Months: 174
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