Question
Jodi takes out a loan to buy a car for $29,000. If her monthly payment is $500 and the annual interest rate of the loan
Jodi takes out a loan to buy a car for $29,000. If her monthly payment is $500 and the annual interest rate of the loan is 8%, how many payments must she make to pay off the loan?
.
| 73.57 (months) | ||
| 49.19 (months) | ||
| 105.49 (months) | ||
| 85.49 (months) |
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
