A 1000 loan is taken out with a rate of 21 annual interest


A $1,000 loan is taken out with a rate of 21% annual interest. If a minimum of $19.99 is paid monthly, how long will it take to pay off the loan? What will be the total amount paid when the loan is fully paid off?

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Business Economics: A 1000 loan is taken out with a rate of 21 annual interest
Reference No:- TGS01490691

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