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mik1104 mik1104
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6 years ago
Wasup Corp. is thinking of borrowing $120,000 from its bank at 8% annual interest rate.  The amount that will be repaid is $175,000.  Assume annual compounding.  In approximately how many years will Wasup Corp. need to repay the loan?
A) 5 years
B) 7 years
C) 10 years
D) 15 years
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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#1
6 years ago
 A
mik1104 Author
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#2
6 years ago
I wanna give this person a hug.
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