Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $11,000 in student loans at an annual interest rate of 8%. I $1,600 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations. Round your a nearest whole number. 10 year(s)
Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $11,000 in student loans at an annual interest rate of 8%. I $1,600 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations. Round your a nearest whole number. 10 year(s)
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 19P
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