Question: how to answer this questions a,b,c, need the exact answer and explanation Mia Salto wishes 13::- determine how long it will take to repay a

how to answer this questions a,b,c, need the exact answer and explanation

how to answer this questions a,b,c, need the exact answer and explanation

Mia Salto wishes 13::- determine how long it will take to repay a loan with initial proceeds of $14,000 where annual endofyear instalment payments of $2,450 are required. a. If Mia can borrow at a 12% annual rate of interest, how long will it take for her 13:) repay the loan fully? h. HowI long will it take if she can borrow at a 9% annual rate? :3. How long will it take if she has to pay 15% annual interest? :1. Reviewing your answers in parts a, b, and :3, describe the general relationship between the interest rate and the amount of time it will take Mia to repay the loan fully

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