Loan Payment Amortization Schedule
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You have borrowed $14,300 at an interest rate of 15 percent. You feel that you will be able to make annual payments of $3,000 per year on your loan. (Payments include both principal and interest.)
a. How long will it be before the loan is entirely paid off (to the nearest year)?
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This solution is comprised of a detailed explanation to answer how long will it be before the loan is entirely paid off (to the nearest year).
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loan payment
You have borrowed $14,300 at an interest rate of 15 percent. You feel that you will be able to make annual payments of $3,000 per year on your loan. (Payments ...
Purchase this Solution
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