a. Howlongwillittakemonthlypaymentsof$400torepaya$50,000loanifthe interest rate on the loan is 8%…

 
   

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a. Howlongwillittakemonthlypaymentsof$400torepaya$50,000loanifthe interest rate on the loan is 8% compounded semiannually? b. Howmuchwillthetimetorepaytheloanbereducedifthepaymentsare$40per month larger? View Solution:
A Howlongwillittakemonthlypaymentsof 400torepaya 50 000loanifthe interest rate on the loan is 8 co