Question: How long will it take to pay off a loan of $46 comma 000 at an annual rate of 12% compounded monthly if you make
How long will it take to pay off a loan of $46 comma 000 at an annual rate of 12% compounded monthly if you make monthly payments of $800 (round up)? To pay off the loan, it will take approximately nothing years.(Round up to the nearest integer.)
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