Time taken to pay off the loan


Problem: I want to buy a car. I can get a loan for $6,000.00 at a 12% interest rate. I can afford $230.00 a month for payments. How long will it take me to pay off the loan. The answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.

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Finance Basics: Time taken to pay off the loan
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