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Lina wants to remodel her kitchen. Her contractor has quoted her $2,500 for the project. Lina will take out a home improvement loan from her
- Lina wants to remodel her kitchen. Her contractor has quoted her $2,500 for the project. Lina will take out a home improvement loan from her bank. The loan has a two percent monthly, simple interest rate. Her minimum payments are $250. How long will it take for her to pay off the loan?
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Bank Management and Financial Services
Authors: Peter Rose, Sylvia Hudgins
9th edition
78034671, 978-0078034671
