The amount is to be repaid in installments of 13200 every, Finance Basics

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The amount is to be repaid in installments of 13200 every

Mary Ann Sue just made a payment of $118,347 for an RV by borrowing the amount. The amount is to be repaid in installments of $13,200 every year starting next year. How much time will it take to repay the amount if the appropriate annual rate is 7.8%?

a. 14 years
b. 13 years
c. 16 years
d. 11 years

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Finance Basics: The amount is to be repaid in installments of 13200 every

Reference No:- TGS0643229

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The amount is to be repaid in installments of 13200 every

Reference No:- TGS0643229

Recent Questions Asked Finance Basics

Q : How much faster would a home sell if there was a sign that

Q : At a height of ten meters above the surface of a freshwater

Q : A 029 f capacitor is desired what area must the plates have

Q : X rays with a wavelength of 018 nm undergo first-order

Q : The amount is to be repaid in installments of 13200 every

Q : A hunter is standing on flat ground between two vertical

Q : Astock is expected to pay a dividend of 2 225 3 375 and 4

Q : 1what does the acronym ansi stand for stands for american

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