How long until the loan is paid of, Finance Basics

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How long until the loan is paid of

How much money do you need in a retirement account earning 8% annual interest compounded monthly to be able to withdraw $2,500 per month for 30 years? Sally bought a new car by taking out a $12,000 car loan. The loan accrues 13% interest compounded monthly. Sally decides she'll pay $500 a month into the loan. How long until the loan is paid of ?

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Finance Basics: How long until the loan is paid of

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Request for Solution File

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Finance Basics: How long until the loan is paid of

Reference No:- TGS0730469

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the rate of heat loss from the steam line

Q : Problem on how large is the current in the axon

Q : Explain the process of financial planning used to estimate

Q : Find out the minimum significant net sample count

Q : How long until the loan is paid of

Q : Find surface temperature of sphereical interplanetary probe

Q : Determining the strength of the magnetic field

Q : Calculate the work and the irreversibility for the process

Q : Find out the current in the resistor

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: How long until the loan is paid of

Reference No:- TGS0730469

Recent Questions Asked Finance Basics

Q : What is the rate of heat loss from the steam line

Q : Problem on how large is the current in the axon

Q : Explain the process of financial planning used to estimate

Q : Find out the minimum significant net sample count

Q : How long until the loan is paid of

Q : Find surface temperature of sphereical interplanetary probe

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Q : Calculate the work and the irreversibility for the process

Q : Find out the current in the resistor

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