Question
How long will it take to pay off a loan of $52,000 at an annual rate of 8 percent compounded monthly if you make monthly
How long will it take to pay off a loan of $52,000 at an annual rate of 8 percent compounded monthly if you make monthly payments of $750? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is .... years.? Answer to be rounded to one decimal place.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
