Solution-What was the duration of loan

What was the duration of loan

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Jerry borrowed $10,657.50 from his bank to build an attached garage and work space on his house. Jerry's simple interest loan had a rate of 13% and required him to pay $12,250 under the agreed terms. What was the duration of his loan?

Reference no: EM131100489

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What was the duration of loan : Jerry borrowed $10,657.50 from his bank to build an attached garage and work space on his house. Jerry's simple interest loan had a rate of 13% and required him to pay $12,250 under the agreed terms. What was the duration of his loan?

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What was the duration of loan

Reference no: EM131100489

Reference no: EM131100489

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