Question: You borrowed $2,000 at 5% compounded annually. Your payments are $300 at the end of each year. How many years will you make payments on

You borrowed $2,000 at 5% compounded annually. Your payments are $300

You borrowed $2,000 at 5% compounded annually. Your payments are $300 at the end of each year. How many years will you make payments on the (Round your answer to two decimal places.) 6.67 years 9.16 years 7.00 years 8.31 years

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