March 30, 2017

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A guy borrows $5000 and wants to repay it $190 per month starting at the end of this month. If the loan terms are 6% APR with monthly compounding, how many payments will he need to make to pay off the loan?

  • Finance - ,

    you multiply it by the percent.
    or divede i really don't remember lol hey i am trying over here. give me a credit for trying :)

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