Question
(Calculating the number of annuity periods) Greer is borrowing 300,000 to buy a house in Amsterdam at 5 percent per annum compounded monthly. How long
(Calculating the number of annuity periods) Greer is borrowing €300,000 to buy a house in Amsterdam at 5 percent per annum compounded monthly. How long will it take to pay off the amount if she makes monthly payments of €1,600?
Not in excel
I need the simple equation with the process!
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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