A Student borrows $15,000 per year for 4 years. The minimum required payment plan is monthly for 15 years. After graduation, the weighted average interest rate is 5%. If you pay an extra $100 per month in addition to the minimum monthly payment, how many months will you need to pay off the loan? Round your answer up? Example: 16.2 months should be entered as 17. _____Answer

A Student borrows $15,000 per year for 4 years. The loan has a 15-year minimum monthly payment plan for repayment. After graduation, the weighted average interest rate is 5%. If you pay an extra $100 per month in addition to the minimum monthly payment, how much will you pay back in total? Do not use comma separators in your answer. Example: $10,000 would be entered as 10000: Solve for the number of periods before multiplying by the total payment. Enter your answer as a positive number. _____Answer