Loans, loan ...

In Slovakia, short-term non-bank loans launched, which few people have their "take," are considered unfavorable. Often, the borrower ends up in a spiral of debt, which takes more and more onerous loans to repay earlier loans.

Calculate how many 9-year loans of € 1700 with 24% APR can repay the man even if the monthly loan repayments and interest payment spend all income 524 euros?

Correct answer:

n =  4

Step-by-step explanation:

n=1291700(1+10024)9524=4



Did you find an error or inaccuracy? Feel free to write us. Thank you!







Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: