A $5,100 loan at 6.0% compounded monthly was settled by a single payment of $6,100 including accrued interest. How long after the initial loan was the $6,100 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days. (Do not round intermediate calculations. Round your answer to the nearest day.)
 
 years  months  days

Answer rating: 100% (QA)

Solution Grven that Initial loan Sl00 interest Rete 60go Com... View the full answer