Question
With his financial target to be debt-free, John replaced his credit card debt by borrowing $85000. He is to make equal monthly payments over the
With his financial target to be debt-free, John replaced his credit card debt by borrowing $85000. He is to make equal monthly payments over the next 49 months. What is the outstanding balance of the loan after 23 months if interest is 7.63% compounded monthly? (20 marks):
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Essentials Of Federal Taxation 2018
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
9th Edition
9781260007640
