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 loan repayments and interest payment of all monthly 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 calculate various typical tasks with percentages.

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

Related math problems and questions: