Question: How many years does it takes to pay off a loan of $25000 repaying $300 every six months at 9% compounded monthly? a How many

How many years does it takes to pay off a loan

How many years does it takes to pay off a loan of $25000 repaying $300 every six months at 9% compounded monthly?

a How many years does it take to pay off a loan of $25000 repaying $300 every six months at 9% compounded monthly? Note: for this question alone, DO NOT make the PMT negative. Answer to one decimal place

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