Suppose you see a series of loan payments described in, Ask an Expert

Economics

Suppose you see a series of loan payments described in factor notation as follows; P = $500(P/A, 2.02%, 24) Further suppose you know that the interest rate i=2.22% is the interest rate per quarter. What then, is the number of years over which this payment series stretches?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708721

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