Business Finance SPR 2021 CRN 20743 Stephanie Galindo A 02/18/21 4:39 PM Homework: Chapter 6 Homework Save Score: 0 of 1 pt 6016 (3 complete) HW Score: 42.86%, 3 of 7 pts P6-21 (similar to) Question Help (Annuity number of periods) You've just bought a new flat-screen TV for $3,400 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 13 percent compounded monthly If you take the financing and make monthly payments of S120how long will it take to pay off the loan? How much will you pay in interest over the life of the loan? a. The number of years it will take to pay off the loan is years. (Round to one decimal ploon)