Use your answer and the loan information from Exercise 8 to determine what effect a $50 decrease
Question:
In exercise 8
Louis wants to take out a $14,000 loan with a 6.8% APR. He can afford to pay no more than $400 per month for loan payments. What would be the length of his loan? Round to the nearest tenth of a year.
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Step by Step Answer:
Use the loan length formula and subst...View the full answer
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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