How long will it take to pay off a loan of $50,000 at an annual rate of

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How long will it take to pay off a loan of $50,000 at an annual rate of 10 percent compounded monthly if you make monthly payments of $600?

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Oct 31, 2014 07:26 AM

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How long will it take to pay off a loan of $50,000 at an annual rate of

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Loan problems are annuity present value problems Thus to determine the num...View the full answer

Financial Management Principles and Applications

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