Donna took out a loan for $5200 and was charged simple interest at an annual rate of 10 2 The total interest she paid on the loan was $663 How long was the loan for, in months Do not round any intermediate computations If necessary, refer to the list of financial formulas months X Donna took out a...

To solve for the length of the loan in months we can use the formula for simple intere ...

Donna took out a loan for $5200 and was charged simple interest at an annual rate...

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Real Estate Finance and Investments

ISBN: 978-0073377339

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Authors: William Brueggeman, Jeffrey Fisher

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