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Homework answers / question archive / You want to borrow 600,000 to boy so mem, and you can only afford $4,000 a month to repay the loan

You want to borrow 600,000 to boy so mem, and you can only afford $4,000 a month to repay the loan

Finance

You want to borrow 600,000 to boy so mem, and you can only afford $4,000 a month to repay the loan. suppose the charges you a fixed interest rate of 4% with monthly compound*, How it take you to pay off the loan? 

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