Question 403001
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Use Excel.


=NPER(0.10/12,-600,50000,0,0)


if you make your first payment at the end of the first month and each subsequent payment at the end of the next month.


=NPER(0.10/12,-600,50000,0,1)


if you make your first payment at the beginning of the first month and each subsequent payment at the beginning of the next month.


The second way is a little quicker, but both are nearly 12 years.



John
*[tex \LARGE e^{i\pi} + 1 = 0]
My calculator said it, I believe it, that settles it
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