Your student loan is looming so you'd like to come up with a plan for repayment. The remaining balance on your loan is $65,584.95 and the student loan service centre charges 2,33% interest compounded quarterly. If payments of $250 are made at the beginning of every two weeks (26 times per year), how many months will it take to pay off the loan in its entirety? Answer

Your student loan is looming so you'd like to come up with a plan for repayment. The remaining balance on your loan is $65,584.95 and the student loan service centre charges 2,33% interest compounded quarterly. If payments of $250 are made at the beginning of every two weeks (26 times per year), how many months will it take to pay off the loan in its entirety? Answer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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