Jennifer wants to borrow $20,000. Her bank offers a 7.1% interest rate. She can afford $500 a

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Jennifer wants to borrow $20,000. Her bank offers a 7.1% interest rate. She can afford $500 a month for loan payments. What should be the length of her loan to the nearest tenth of a year?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:45 AM

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Jennifer wants to borrow $20,000. Her bank offers a 7.1% interest rate. She can afford $500 a

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Use the loan length formula ...View the full answer

Financial Algebra advanced algebra with financial applications

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