Question
How long will it take to pay off a loan of $49,000 at an annual rate of 8 percent compounded monthly if you make monthly
How long will it take to pay off a loan of $49,000 at an annual rate of 8 percent compounded monthly if you make monthly payments of $450? Use five decimal places for the monthly percentage rate in your calculations.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
