How many years early will you be able to pay off the loan, Other Management

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How many years early will you be able to pay off the loan

Problem

After graduation, you decide that you can pay $203.24 per month extra on your student loan (standard monthly payment is 302.99), which has a balance of $50,000 and 20 years of monthly payments remaining. The annual interest rate on the loan is 4% (compounding monthly is implicit). How many years early will you be able to pay off the loan?

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