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Chris just paid $1838.17 as the one and only lump-sum payment on a loan. The loan was originally $1236.12 and it earned 6% compounded quarterly.
Chris just paid $1838.17 as the one and only lump-sum payment on a loan. The loan was originally $1236.12 and it earned 6% compounded quarterly. How long after the borrowing date was the loan paid off? (give your answer in whole months)
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
