You borrow $70,000 to pay college tuition. The loan carries an annual interest rate of 10 percent

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You borrow $70,000 to pay college tuition. The loan carries an annual interest rate of 10 percent and requires you to make quarterly payments of $2,200. Calculate How many years will it take to pay off the loan?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 20, 2023 01:16 AM

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You borrow $70,000 to pay college tuition. The loan carries an annual interest rate of 10 percent

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t Log 10 A P n Log 10 1 r n Log ... View the full answer

Personal Finance

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