Question
While Mary Corens was a student at the University of Tennessee, she borrowed $8,000 in student loans at an annual interest rate of 10%. If
While Mary Corens was a student at the University of Tennessee, she borrowed $8,000 in student loans at an annual interest rate of 10%. 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.
year(s)
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
