Question
You have just received an offer in the mail from Friendly Loans. The company is offering to loan you$4,000 with low monthly payments of $85
You have just received an offer in the mail from Friendly Loans. The company is offering to loan you$4,000 with low monthly payments of $85 per month. If the interest rate on the loan is an APR of 15.2 percent compounded monthly, how long will it take for you to pay off the loan?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
