Alex karev has taken out a 180000 loan with an annual rate, Financial Econometrics

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Alex karev has taken out a 180000 loan with an annual rate

Alex Karev has taken out a $180,000 loan with an annual rate of 8 percent compounded monthly to pay off hospital bills from his wife Izzy's illness. If the most Alex can afford to pay is $3,500 per month, how long will it take to pay off the loan? How long will it take for him to pay off the loan if he can pay $4,000 per month? Use five decimal places for the monthly percentage rate in your calculations

If Alex can pay, the number of years it takes for him to pay off the loan is?

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Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

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Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

Reference No:- TGS0667145

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Econometrics

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Request for Solution File

Ask an Expert for Answer!!

Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

Reference No:- TGS0667145

Recent Questions Asked Financial Econometrics

Q : In an em wave traveling west the b field oscillates

Q : Prepare functional specifications for the companys use of

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Q : Calculate the discount rate used by the lender and

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