Question: Show your work and what formula you used. The answer is 11.5 years but not sure how we got there. Question 20 (1 point) You

Show your work and what formula you used. The answer is 11.5 years but not sure how we got there.

Question 20 (1 point) You owe $20,000 in student loans that charge 6.3% annual interest. If you plan to pay back $2,500 at the end of each year, how long will it take to pay off these loans? 13.4 years 11.5 years 9.3 years 10.5 years 12.4 years

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