Question: 3 How much longer will it take to pay off a $140.000 loan with monthly payments of $1,400 than with monthly payments of $1,500?

3 How much longer will it take to pay off a $140.000

3 How much longer will it take to pay off a $140.000 loan with monthly payments of $1,400 than with monthly payments of $1,500? The interest rate on the loan is 10.90% compounded monthly. (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) Difference year(s) and month(s).

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