Question: I need the solution to solve these problems.Preferably excel solutions 7.You borrow $40,000 in student loans at an interest rate of 5 percent. If you

I need the solution to solve these problems.Preferably excel solutions

I need the solution to solve these problems.Preferably excel solutions 7.You borrow

7.You borrow $40,000 in student loans at an interest rate of 5 percent. If you repay $250 per month, how long will it take to pay off the loan? Select one: a. 270 months b. 250 months c. 255 months d. 265 months e. 260 months

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