Question
(Annuity number ofperiods) How long will it take to pay off a loan of $47,000 at an annual rate of 12 percent compounded monthly if
(Annuity number ofperiods)How long will it take to pay off a loan of $47,000 at an annual rate of 12 percent compounded monthly if you make monthly payments of $750?
Use five decimal places for the monthly percentage rate in your calculations.
Round to One Decimal Place
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
