Question
Erik obtained a loan of $40,000 at 6.4% compounded monthly. How long (rounded up to the next payment period) would it take to settle the
Erik obtained a loan of $40,000 at 6.4% compounded monthly.
How long (rounded up to the next payment period) would it take to settle the loan with payments of $2,810 at the end of every month? year(s) month(s)
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
