You borrowed $30,200 to remodel your kitchen. The interest rate is of the loan is 8.2 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $750? a. 47.25 years b. 40.96 years c. 3.41 years d. 3.94 years Oe. 7.43years

You borrowed $30,200 to remodel your kitchen. The interest rate is of the loan is 8.2 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $750? a. 47.25 years b. 40.96 years c. 3.41 years d. 3.94 years Oe. 7.43years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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