Question
(Annuity number of periods) How long will it take to pay off a loan of $49,000 at an annual rate of 9 percent compounded monthly
(Annuity number of periods) How long will it take to pay off a loan of $49,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $650? Use five decimal places for the monthly percentage rate in your calculations.
The number of years it takes to pay off the loan is
_____(Round to one decimal place.)
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
