Question: You borrow $ 3 0 , 0 0 0 ; your annual loan payment is $ 6 , 0 0 0 . If the interest

You borrow $30,000; your annual loan payment is $6,000. If the interest rate is 8%, how many years will it take to repay the loan (interest is compounded annually)?
You borrow $30,000; your annual loan payment is $6,000. If the

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