Question
While MaryCorenswas a student at the University of Tennessee, she borrowed $16,000 in student loans at an annual interest rate of 4.7%. If Mary repays
While MaryCorenswas a student at the University of Tennessee, she borrowed $16,000 in student loans at an annual interest rate of 4.7%. If Mary repays $1,000 per year, then how long (to the nearest year) will it take her to repay the loan?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
