Question: You repay a $ 2 0 , 0 0 0 loan from your parents with a single payment of $ 2 3 , 8 5

You repay a $20,000 loan from your parents with a single payment of $23,850. Your parents charged 5.5% simple interest. How many MONTHS ago did you borrow the money?
A)38.50 months
B)3.29 months
C)42 months
D)3.5 months
You repay a $20,000 loan from your parents with a single

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