Question: You borrowed $1,500 at 6% compounded annually. Your payments are $90 at the end of each year. How many years will you make payments on

You borrowed $1,500 at 6% compounded annually. Your payments are $90 at the end of each year. How many years will you make payments on the loan?

A. 9 years B. 10 years C. 11 years D. 12 years E. forever

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