Question: The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his

The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his

The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his file, you have noted the following information: Original loan amount: $38,000 Current loan outstanding: $33234.85 Monthly repayment: $660 Next repayment: Due exactly 1 month from now Interest rate on loan:112=8.8% For the purposes of the remaining questions, use the rounded values given above. Using this information, determine the following: If Alexei continues making monthly repayments of $660, and if the interest rate does not change, how many further FULL repayments does he expect to have to make in order to repay the loan? Do NOT include any final smaller repayment to pay off the remaining balance. Answer:

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THIS IS THE ONLY INFO GIVEN: 1st question The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his file, you have noted the...

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