Question: For the cash flow series below, CF+ represents cash inflows while CF-represents cash outflows. For the cash flow series below, assume that a student takes

For the cash flow series below, CF+ represents cash inflows while

For the cash flow series below, CF+ represents cash inflows while CF-represents cash outflows. For the cash flow series below, assume that a student takes out a loan each year for the amount of the negative cash flow for that year. The stated interest rate is 3.7% per year compounded annually. If the student plans to pay $400 per month after year 4, how long would it take to pay off the loan? CF + year 1 14938.8 2 15121.2 3 14938.8 4 14938.8 CF

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