Question: How long will it take to pay off a loan of $ 49,000 at an annual rate of 11 % compounded monthly if you make

How long will it take to pay off a loan of $ 49,000 at an annual rate of 11 % compounded monthly if you make monthly payments of $700 (round up)?

To pay off the loan, it will take approximately .years.(Round up to the nearest integer.)

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