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What is the term for a fully amortized loan with monthly payments of $602.75, an interest rate of 5.0% and an initial balance of $125,000?
What is the term for a fully amortized loan with monthly payments of $602.75, an interest rate of 5.0% and an initial balance of $125,000?
Question options:
| A. 240 months | |
| B. 300 months | |
| C. 480 months | |
| D. 360 months |
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Principles Of Financial Modelling Model Design And Best Practices Using Excel And VBA
Authors: Michael Rees
1st Edition
111890401X, 978-1118904015
