muhammad owes $11,106.00 on a loan for doing some house renovations. If he makes monthly payments of $560.48 (at the start of each period) how many periods will it take to pay off his loan? The interest rate is 1.175% compounded bi-weekly. (Answer to the nearest whole number.)

a.

n = 20.

b.

n = 22.

c.

n = 18.

d.

n = 21.

e.

n = 23.

Answer rating: 100% (QA)

Step 12 GIVEN THAT MONTHLY PAYMENT PMT 56048 PRES... View the full answer