Question: help please how long will it take to pay off a loan of $45,000 at an annual rate of 11% compounded monthly if you make
help please
how long will it take to pay off a loan of $45,000 at an annual rate of 11% compounded monthly if you make monthly payments of $450? Use five decimal places for the monthly percentage rate in your calculations the number of years it takes to pay off the loan is ______ years? Round to one decimal place.
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