Question: Question 8-TVM, Finding N [2 points]: While Steve Bouchard was a student at the University of Florida, he borrowed $20,000 in student loans at an

 Question 8-TVM, Finding N [2 points]: While Steve Bouchard was a
student at the University of Florida, he borrowed $20,000 in student loans

Question 8-TVM, Finding N [2 points]: While Steve Bouchard was a student at the University of Florida, he borrowed $20,000 in student loans at an annual interest rate of 6.4 pereent. If Steve repays $1,800 per year, how long, to the nearest year, will it take him to repay the loan? 3. In your answers, you should properly show your work by writing down your entries into the calculator. For instance, if you use the TVM worksheet of your financial calculator to compute how long it takes to double your account balanee given 5% annual interest rate, you should write down your entries as: IY=5,PV=1,PMT=0,FV=2,CPTN=? the question mark here stands for your answer to the

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