Question
(Annuity number ofperiods) How long will it take to pay off a loan of $54,000 at an annual rate of 9 percent compounded monthly if
(Annuity number ofperiods)How long will it take to pay off a loan of $54,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $750? Use five decimal places for the monthly percentage rate in your calculations.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
