You have borrowed $18,000. If the annual rate of interest is 4%, how long will it take

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You have borrowed $18,000. If the annual rate of interest is 4%, how long will it take you to repay the note if you are making semi-annual blended principal plus interest payments of $1,702?

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Principles Of Financial Accounting

ISBN: 9781118757147

1st Canadian Edition

Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow

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Question Posted: Apr 11, 2018 09:00 AM

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You have borrowed $18,000. If the annual rate of interest is 4%, how long will it take

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Using tables First divide the present value with the amou...View the full answer

Principles Of Financial Accounting

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