A 25 year loan with monthly repayments has 11 years remaining.

Calculate "n"

Question

A 25 year loan with monthly repayments has 11 years remaining.

Calculate "n"

BlackTom AI · Accepted Answer

The question provides a loan scenario and asks for n, the number of payments remaining.
First, identify the time unit for payments: monthly repayments.
Next, note the time remaining: 11 years.
Convert years to months since payments are monthly: 11 years × 12 months/year = 132 months.
Therefore, the value of n, the number of payments remaining, is 132.
Since there are no answer options provided in this case, we simply verify the calculation: 11 × 12 = 132, which matches the expected monthly-payment count remaining on a loan. No further adjustments are needed unless additional context (like compounding or special payment schedules) were specified, which they are not here.

BFIN011 Week 3: Practice Quiz

A 25 year loan with monthly repayments has 11 years remaining. Calculate "n"

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