1 Answered Questions for the topic Compound Interest Loan Debt
Compound Interest Loan Debt
03/20/15
Compound Interest on Loan Payments
If you owe $48,000 on a loan which charges an annual interest rate of 12% compounded monthly, and you can afford to pay $689 per month toward your loan, it takes 10 years to pay off your loan. If...
more
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.