You borrow $ 2 5 0 0 0 and pay pack $ 8 0 0 per month,

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Question:

You borrow $

25000

and pay pack $

800

per month, with a

6.25 %

interest rate how long will it take to pay off the loan?

Related Book For answer-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Mar 25, 2024 07:08 AM

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You borrow $ 2 5 0 0 0 and pay pack $ 8 0 0 per month,

Question:

Expert Answer:

To determine how long it will take to pay off the loan you can use the formula for the monthly payme... View the full answer

Business Mathematics In Canada

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