How many years will it take her to pay her debt

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Shaunta borrowed $50,000 to pay for her education and living expenses during the time she attended college. She chose not to work part-time during her school years to help pay the costs. As a result of starting a family after graduation, she can only afford a $250 monthly loan payment. Her total payments when she completes paying for the loan will be $107,500. How many years will it take her to pay her debt?

Reference no: EM132224168

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