arielanderson49 arielanderson49
  • 21-05-2024
  • Mathematics
Answered

How long will it take to pay off a loan of ​$52 comma 000 at an annual rate of 9 percent compounded monthly if you make monthly payments of ​$550​? Use five decimal places for the monthly percentage rate in your calculations. Question content area bottom Part 1 The number of years it takes to pay off the loan is enter your response here years. ​(Round to one decimal​ place.)



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