(Answered) If no payments are made a loan of amount 44000 would

Statistics

If no payments are made, a loan of amount $44000 would increase to $49103.89 after 2 years of monthly compounding interest. If instead, payments of $718.87 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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