Question
You borrow $70,000 to pay college tuition. The loan carries an annual interest rate of 10 percent and requires you to make quarterly payments of
You borrow $70,000 to pay college tuition. The loan carries an annual interest rate of 10 percent and requires you to make quarterly payments of $2,200. Calculate How many years will it take to pay off the loan?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
