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Alex Karez has taken out a loan of $180,000 with an annual rate of 11%

24 / 01 / 2019 Assignments

This paper circulates around the core theme of Alex Karez has taken out a loan of $180,000 with an annual rate of 11% together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Alex Karez has taken out a loan of $180,000 with an annual rate of 11%

Alex Karez has taken out a loan of $180,000 with an annual rate of 11% compounded monthly to pay off hospital bills from his wife Izzy’s illness. If the most Alex can afford to pay is $3,500 a month, how long will it take to pay off the loan? How long will it take to pay off the loan if he can pay $4000 each month? Use five decimal places for the monthly percentage rate in your calculations. If Alex can pay $3,500 a month, how many years will it take to pay off the loan?


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