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Thanks for the help! Problem 4-25 Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student
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Problem 4-25 Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 8.50%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan? year(s)Step by Step Solution
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
