Joseph buys a Hummer for $ 6 9 , 0 0 0 , financing it with a

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Question:

Joseph buys a Hummer for $

69, 000,

financing it with a five

-

year

7.5 %

APR loan paid monthly. He decides to pay an extra $

50

per month in addition to his monthly payments. Approximately how long will he take to pay off the loan under these conditions?

Posted Date: May 19, 2024 01:09 AM

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Joseph buys a Hummer for $ 6 9 , 0 0 0 , financing it with a

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