How long will it take him to pay off the loan

Reference no: EM13295396

Your neighbor just received a credit offer in an e-mail. The company is offering him $6,000 at 12.8 percent interest. The monthly payment is only $110. If he accepts this offer, how long will it take him to pay off the loan?

81.00 months
81.50 months
83 months
82.17 months
90.70 months

Reference no: EM13295396

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