You believe you can make a quarterly payment of 500 how


You're thinking about borrowing a $2000 personal loan. The interest rate on the loan is 12% with quarterly compounding. You believe you can make a quarterly payment of $500. How many years will it take you to pay off the loan?

Solution Preview :

Prepared by a verified Expert
Business Economics: You believe you can make a quarterly payment of 500 how
Reference No:- TGS02911311

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)