If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan

Cost of Equity: CAPM
March 29, 2019
Uneven Cash Flow Stream
March 29, 2019

If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan

Repaying a Loan

While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 7.90%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan

 

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