Joe Smith has$210,000in student loans.His bank charges 4%APR(compounded monthly).Suppose Joe can only afford to pay$1,000per month towards
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Joe Smith has$210,000in student loans.His bank charges 4%APR(compounded monthly).Suppose Joe can only afford to pay$1,000per month towards his student loans,calculate the number of months it will take to pay off his student loans.(Round up to the nearest whole number)
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Related Book For 
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
