A guy borrows 7900 and wants to repay it 600 every


A guy borrows $7900 and wants to repay it $600 every sixmonths with the first payment in 6 months. If the loan terms are 6%APR with semiannual compounding, how many payments will he need tomake to pay off the loan?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A guy borrows 7900 and wants to repay it 600 every
Reference No:- TGS0597977

Expected delivery within 24 Hours