While Steve Bouchard was a student at the University of Florida, he borrowed $12,000 in student loans

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While Steve Bouchard was a student at the University of Florida, he borrowed $12,000 in student loans at an annual interest rate of 9 percent. If Steve repays $1,500 per year, how long, to the nearest year, will it take him to repay the loan?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 08:54 AM

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While Steve Bouchard was a student at the University of Florida, he borrowed $12,000 in student loans

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Principles of Finance

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