Joe Smith has $100,000 in student loans. His bank charges 6% APR (compounded monthly). Suppose Joe can
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Joe Smith has $100,000 in student loans. His bank charges 6% APR (compounded monthly). Suppose Joe can only afford to pay $1,500 per month towards his student loans, calculate the number of months it will take to pay off his student loans.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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