Question
AMG Services offers to lend Scott Tucker $4,500 which he needs to repair his sports car. AMGs loan offer is subject to an APR of
AMG Services offers to lend Scott Tucker $4,500 which he needs to repair his sports car. AMGs loan offer is subject to an APR of 15.4 % interest rate with monthly compounding. How long will it take Scott Tucker to pay off the loan if he makes $95 monthly payments?
Multiple Choice 14.77 months 73.42 months 79.07 months 47.37 months 68.53 months
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Handbook On Corporate Governance In Financial Institutions
Authors: Christine A. Mallin
1st Edition
1784711780, 978-1784711788
