2023 Problem 4 25 Repaying a Loan While Mary Corens was a student at the University of Tennessee she borrowed 12 000 | Assignments Online
2023 Problem 4 25 Repaying a Loan While Mary Corens was a student at the University of Tennessee she borrowed 12 000 | Assignments Online
Assignments Online 2023 Business & Finance
Problem 4-25
Repaying a Loan
While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 7.90%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan?
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