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You plan to apply for a $50,000 loan. The ARP is 5.5% compounded quarterly. If you plan to pay off $2,000 per month, how many
You plan to apply for a $50,000 loan. The ARP is 5.5% compounded quarterly. If you plan to pay off $2,000 per month, how many years do you need to pay off the loan? A. =NPER(5.5%/4, -2000, 50000,0)/4 B. =NPER(5.5%*12, 2000, 50000,0)*12 C. =NPER(5.5%/12, -2000, 50000,0)/12 D. =NPER(5.5%/4, 2000, -50000,0)/12 Group of answer choices A. D. C. B
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