Question
Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $13,000 in student loans at an annual interest rate
Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $13,000 in student loans at an annual interest rate of 8%. If Mary repays $1,500 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations.
Round your answer to the nearest whole number.
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Financial Accounting An Integrated Approach
Authors: Michael Gibbins
6th Edition
0176407251, 978-0176407254
