Question
You've just bought a new flat-screen TV for $4,000 and the store you bought it from offers to let you finance the entire purchase at
You've just bought a new flat-screen TV for $4,000 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 13
percent compounded monthly. If you take the financing and make monthly payments of $150, how long will it take to pay off the loan? How much will you pay in interest over the life of the loan?
A. The number of loan years is:
B. How much will you pay in interest over the life of the loan?
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
