Question
Suppose you have a debt of $39,000, and you budget $1,797 for quarterly payment. Interest rate is 6% per year. How long (in years) will
Suppose you have a debt of $39,000, and you budget $1,797 for quarterly payment. Interest rate is 6% per year.
How long (in years) will the debt be completely repaid?
(Keep your answer to 2 decimal places, e.g. 9.12.)
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
