Question: Please solve the questions using a formula not using excel or a finance calculator 6-13. (Calculating the number of annuity periods) Greer is borrowing 300,000

Please solve the questions using a formula not using excel or a finance calculator

Please solve the questions using a formula not using excel or a

6-13. (Calculating the number of annuity periods) Greer is borrowing 300,000 to buy a house in Amsterdam at 5 percent per annum compounded monthly. How long will it take to pay off the amount if she makes monthly payments of 1,600? 6-14. (Calculating the number of annuity periods) Alex Karev has taken out a $200,000 loan with an annual rate of 8 percent compounded monthly to pay off hospital bills from his wife Izzy's illness. If the most Alex can afford to pay is $1,500 per month, how long will it take for him to pay off the loan? How long will it take for him to pay off the loan if he can pay $2,000 per month

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