Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Hi I have a problem that I need help with. I'am calculating the NPER let me give you the statment down below
While steve a college student, he borrowed 12,000 in student loans at an annual interest rate of 9 percent. If steve repays 1,500 per year, how long will it takehim to repay the loan.
for this problem I got the year in terms of money $8.28. I'am not sure if it's normal or I'am doing something wrong
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