Question: How much longer will it take to pay off a $270,000 loan with monthly payments of $2700 than with monthly payments of $2800? The interest
| How much longer will it take to pay off a $270,000 loan with monthly payments of $2700 than with monthly payments of $2800? The interest rate on the loan is 11.10% 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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