15. For how long will Zack have to make payments of $120.00 at the end of every month to repay a loan of $3999.00 if interest is 10% compounded monthly? State your answer in years and months (from 0 to 11 months).

Zack will have to make payments for _____ year(s) and _____ month(s).

16. A mortgage of $29,779.00 is to be repaid by making payments of $1442.00 at the end of every three months. If interest is 9% compounded quarterly, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months).

The term is _____ year(s) and ______ month(s).