Question
Ted borrowed $12,000 agreeing to repay $30,000 at a specified date in the future. Assuming an 11.0% interest rate, how many years has Ted borrowed
Ted borrowed $12,000 agreeing to repay $30,000 at a specified date in the future. Assuming an 11.0% interest rate, how many years has Ted borrowed the money? (X.XX format) Please show work!
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
