Question: Use the following data to determine how long it will take to pay fof the balnce if only minimum payments are made Your current balance

Use the following data to determine how long it will take

Use the following data to determine how long it will take to pay fof the balnce if only minimum payments are made Your current balance is $20,000. You may use any method to solve this as long as I can verify your answer. Calculate the additional monthly payment required to pay off balance in 7 years

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