How long will it take to pay off loan of 49000 at annual, Financial Management

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How long will it take to pay off loan of 49000 at annual

How long will it take to pay off a loan of $49000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $550. Use five decimal places for the monthly percentage rate in your calculations.

The number of years it takes to pay off the loan is ______years.?(Round to one decimal place.)

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Financial Management: How long will it take to pay off loan of 49000 at annual

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