If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you pay off your loan?

1 answer below »
If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you pay off your loan?
Answered Same DayDec 20, 2021

Solution

David answered on Dec 20 2021
3 Votes
If you bo
ow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until
you pay off your loan?
Solution:
First we calculate the amount at the end of 20 weeks
Amount = ( )
Data missing. Monthly installment is not provided.
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here