Question
(Annuity number of periods) How long will it take to pay off a loan of $50,000 at an annual rate of 8 percent compounded
(Annuity number of periods) How long will it take to pay off a loan of $50,000 at an annual rate of 8 percent compounded monthly if you make monthly payments of $800 se vecinal pla Kfor the monthly percentage rate in your calculations The number of years it takes to pay off the loan is years. (Round to one decimal place)
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
