Phillip obtained a loan of $12,500.00 at 6.40% compounded quarterly. How long (rounded up to the next payment period) will it take to settle the loan…
Phillip obtained a loan of $12,500.00 at 6.40% compounded quarterly. How long (rounded up to the next payment period) will it take to settle the loan with payments of $1,200.00 at the end of every 3 months?
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