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Question 15 (4 points) Listen A $30,000 loan with an interest rate of 9% compounded monthly was repaid, after a period of deferral, by monthly
Question 15 (4 points) Listen A $30,000 loan with an interest rate of 9% compounded monthly was repaid, after a period of deferral, by monthly payments (beginning of month) of $450 for 10 years. What was the time interval between the date of the loan and the first payment? (round up to the nearest month; i.e. 14.34 will round to 15)
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