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Jamie owes $21,750 at a 5% rate of interest. The minimum amount that she must pay monthly is $230.69. How much faster can she pay
Jamie owes $21,750 at a 5% rate of interest. The minimum amount that she must pay monthly is $230.69. How much faster can she pay off this loan if she makes monthly payments of $300.00?
f possible can someone solve this but with the formulas and not on excel (nor a financial calculator) so I understand all the steps.
Thank you!
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