Question
You took out some student loans in college and now owe $14,000. You consolidated the loans into one amortizing loan, which has an annual
You took out some student loans in college and now owe $14,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 7% (APR). If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable.
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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
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