Question: Consider again the setting of Problem 1 8 . Now that you realize your best investment is to prepay your student loan, you decide to

Consider again the setting of Problem

18 .

Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget, you can afford to pay an extra $

250

per month in addition to your required monthly payments of $

500,

or $

750

in total each month. How long will it take you to pay off the loan?

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