Question
Diana took a loan of $7,600 from her parents to purchase equipment for her hair salon. If they agreed on an interest rate of 6%
Diana took a loan of $7,600 from her parents to purchase equipment for her hair salon. If they agreed on an interest rate of 6% compounded quarterly on the loan, what monthly payments will settle the loan in 5 years if she made her first payment 4 years and 6 months from now?
$191.00
$251.05
$146.82
$192.99
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
