Find the time (rounded up to the nearest month) that it takes to pay off a loan of $100,000 at 6% APR compounded monthly with payments of $1250 per month. years, months (Round up to the nearest month.)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Find the time (rounded up to the nearest month) that it takes to pay off a loan of $100,000 at 6% APR compounded monthly with payments of $1250 per month.
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Transcribed Image Text:4.4.89 Question Help ▼ Find the time (rounded up to the nearest month) that it takes to pay off a loan of $100,000 at 6% APR compounded monthly with payments of $1250 per month. |years, months (Round up to the nearest month.) Enter your answer in the edit fields and then click Check Answer. Check Answer Clear All All parts showing Pearson en to W MacBook Air DII F11
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