You have borrowed $39,168 at 2.41%pa compounded monthly with monthly repayments. You decide to repay $632...

You have borrowed $39,168 at 2.41%pa compounded monthly with monthly repayments. You decide to repay $632 per month. How long (in years)will it take you to repay the loan?

Please give your answer in years, correct to 2 decimal places

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Expert Solution

ekkarill92 answered 1 year ago

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