Question: How long will it take to pay off a loan of $45 comma 000 at an annual rate of 11 percent compounded monthly if you

How long will it take to pay off a loan of $45 comma 000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $550 ? Use five decimal places for the monthly percentage rate in your calculations. Question content area bottom Part 1 The number of years it takes to pay off the loan is enter your response here years?

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