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How many months will it take joe to pay off this loans

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Question: Joe borrowed $15,000 from his uncle, who demanded that Joe repay the loan with interest. Joe's uncle is charging him an annual interest rate of 8.4 percent and wants Joe to pay him at least $250 per month until the loan is repaid. How many months will it take Joe to pay off this loans? (Show your answer to two decimals, e.g., 12.34; fractional months are okay)

Reference no: EM131528648

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