Question: How much longer will it take to pay off a $140,000 loan with monthly payments of $1400 than with monthly payments of $1500? The interest
| How much longer will it take to pay off a $140,000 loan with monthly payments of $1400 than with monthly payments of $1500? The interest rate on the loan is 10.90% compounded monthly. (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) |
| Difference years and month(s). |
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