Sarah is taking out a loan for $35,000. The current APR is 3.5% and the payments are around $539.65 per month. How long will Sarah be paying on this loan? **Please show work breakdown, and excel equation breakdown** - 6 years - 68 months - 71 months - 5 years - 60 months
Sarah is taking out a loan for $35,000. The current APR is 3.5% and the payments are around $539.65 per month. How long will Sarah be paying on this loan? **Please show work breakdown, and excel equation breakdown** - 6 years - 68 months - 71 months - 5 years - 60 months
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 13PROB
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Sarah is taking out a loan for $35,000. The current APR is 3.5% and the payments are around $539.65 per month. How long will Sarah be paying on this loan? **Please show work breakdown, and excel equation breakdown**
- 6 years
- 68 months
- 71 months
- 5 years
- 60 months
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