Question: How long will it take for monthly payments interest rate on the loan is: a. 6% compounded monthly? b. 7% compounded monthly? c. 8% compounded

How long will it take for monthly payments interest rate on the loan is:
a. 6% compounded monthly?
b. 7% compounded monthly?
c. 8% compounded monthly?
d. 9% compounded monthly

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Given PV 100000 PMT 800 a j 6 m 12 i 612 05 It will take 197 payments requiring 197 months ... View full answer

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