How many months will it take to pay off debt, Microeconomics

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How many months will it take to pay off debt

A man buys a car for $18000 with no money down. he pays for the car in 30 equal monthly payments with interest at 12% per annum compounded monthly. what is the monthly payment?

how many months will it take to pay off a $525 debt with monthly payment of $15 at the end of each month if the interest rate is %18 compounded monthly.

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Microeconomics: How many months will it take to pay off debt

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Request for Solution File

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Microeconomics: How many months will it take to pay off debt

Reference No:- TGS039367

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Compute the expected value and standarddeviation

Q : Common-size income statements for a company

Q : Calculate the company''s dividend yield

Q : Explain price of an intermediate good used in production

Q : How many months will it take to pay off debt

Q : Gain or loss-bond retirement

Q : What indicate when price doubled-consumer expenditures

Q : Present value of the expected future stock price

Q : What is the quantity demanded when px is given

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How many months will it take to pay off debt

Reference No:- TGS039367

Recent Questions Asked Microeconomics

Q : Compute the expected value and standarddeviation

Q : Common-size income statements for a company

Q : Calculate the company''s dividend yield

Q : Explain price of an intermediate good used in production

Q : How many months will it take to pay off debt

Q : Gain or loss-bond retirement

Q : What indicate when price doubled-consumer expenditures

Q : Present value of the expected future stock price

Q : What is the quantity demanded when px is given

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