Question
How long will it take to pay off a loan of $47,000 at an annual rate of 8% compounded monthly if you make monthly payments
How long will it take to pay off a loan of $47,000 at an annual rate of 8% compounded monthly if you make monthly payments of $650? Use five decimals places for the monthly percentage rate in your calculations?
The number of years it takes to pay off the loan is ____ years. (Round to one decimal place)
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Capital Ideas The IMF And The Rise Of Financial Liberalization
Authors: Jeffrey M. Chwieroth
1st Edition
1789732468, 9781789732467
