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Mathematics, 29.01.2020 04:03 jovellabreu12
Tim and sally are taking out a personal loan to pay for their wedding expenses. the loan is for $9,000 and comes with an interest rate of 9.5% compounded monthly. the couple wants to pay the loan off as quickly as possible, keeping the monthly payments below $250. the lender offers repayment plans in 12 month increments. how long of a loan should they request? a. 24 months b. 36 months c. 48 months d. 60 months
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Tim and sally are taking out a personal loan to pay for their wedding expenses. the loan is for $9,0...
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