Save = Homework Chapter 6 Homework Question 4, P8-14 simila HW Score60M, 12 of 20...
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Finance
Save = Homework Chapter 6 Homework Question 4, P8-14 simila HW Score60M, 12 of 20 points O Point of 3 Annuity number of periode) As Karw has taken out a $100.000 loan with an arute of 12 percent compounded monthly to pay of how bitstrom his wife Leryn din enost Alex can afford to pay $2.000 per month, ow long will be to pay of the loan? How long will take for him to pay off the loan it he can pay $5.500 per mont? Use five decimal places for the money sercentage rate in your calon Alex con pay $3.000 per month, the rumber of yourse the for him to pay of the loan ayam (Round to one decimal place)
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