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7) In what period of time could you pay back a loan of $13 900.00 by...


7) In what period of time could you pay back a loan of $13 900.00 by making monthly payments of $296.00 if interest is 6.5% compounded monthly?

Math   Advanced-Math   
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Answer #1

Here I'm using Equated monthly installment formula to find how many period required to payment of given loan.answer is below thank you.

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