Question
Annuity number of periods)How long will it take to pay off a loan of $45,000 at an annual rate of 9 percent compounded monthly if
Annuity number of periods)How long will it take to pay off a loan of $45,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $550? (Use five decimal places for 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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Private Debt Yield Safety And The Emergence Of Alternative Lending
Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
