Tina owes $12,000 on her automobile loan, which has an interest rate equal to 4.8 percent compounded

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Tina owes $12,000 on her automobile loan, which has an interest rate equal to 4.8 percent compounded monthly. If Tina pays $526 at the end of each month, how long will it take her to repay the loan?

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ISBN: 978-1305666870

5th edition

Authors: Scott Besley, Eugene Brigham

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Question Posted: Jan 31, 2020 09:51 AM

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Tina owes $12,000 on her automobile loan, which has an interest rate equal to 4.8 percent compounded

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