Question: 2. (2 points) Usha needs to repay a $3000 loan. Her bank offers personal loans at 9.5% per year, compounded monthly. Usha can afford

2. (2 points) Usha needs to repay a $3000 loan. Her bank

2. (2 points) Usha needs to repay a $3000 loan. Her bank offers personal loans at 9.5% per year, compounded monthly. Usha can afford to make monthly payments of $100. How long will it take her to repay the loan? Show your steps. a. 40 months b. 30 months C. 20 months d. 35 months

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