Question: Britt owes $ 1 , 9 8 4 . 9 2 on a personal loan. The interest rate is 1 5 . 4 % .

Britt owes $1,984.92 on a personal loan. The interest rate is 15.4%. How long will it take to pay off this loan if she pays $25 a month? If she pays $50 a month? What is the minimum she needs to pay each month in order to make any progress on paying off the loan?

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