Te number of years it takes to pay off the loan is , Financial Management

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Te number of years it takes to pay off the loan is

How long will it take to pay off a loan of ?$51,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of ?$500?

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.

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Financial Management: Te number of years it takes to pay off the loan is

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Financial Management: Te number of years it takes to pay off the loan is

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