Question: Greg borrowed $6500 at 6.4% compounded monthly to help finance his education. He contracted to repay the loan in monthly payments of $300 each. If

Greg borrowed $6500 at 6.4% compounded monthly to help finance his education. He contracted to repay the loan in monthly payments of $300 each. If the payments are due at the end of each month and the payments are deferred for four years, for how long will Greg have to make monthly payments?

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