How many years would it be until the loan is paid off


If no payments are made, a loan of amount $23000 would increase to $25616.89 after 2 years of monthly compounding interest. If instead, payments of $533.85 are made at the end of each month, how many years would it be until the loan is paid off? Answer rounded to the nearest integer number of years.

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Finance Basics: How many years would it be until the loan is paid off
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