While you were a student in college, you borrowed $12,000 instudent loans at an interest...

While you were a student in college, you borrowed $12,000 in student loans at an interest rate of 9%. If you repay $125 per month, how long (in months) will it take you to repay the loan? How many years is this?

Expert Solution

calculations-

As no method was mentioned I have solved the problem using excel function.

jeff jeffy answered 2 years ago

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