Question
How long will it take to pay off a loan of $45,000 at an annual rate of 9 percent compounded monthly if you make monthly
How long will it take to pay off a loan of $45,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $400? Use five decimal places for the monthly percentage rate in your calculations.
The number of years it takes to pay off the loan is ________
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
