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Carissa has a loan of $ 7 7 3 9 to repay, with an interest rate of 7 % compounded annually Carissa planned to make
Carissa has a loan of $ to repay, with an interest rate of compounded annually Carissa planned to make $ payments at the end of each month to repay her loan, but is considering only $ per month. How many additional months will it take to repay the loan if she pays $ per month instead of $
Hint Round each term in months up to a whole number before finding the difference.
Create a neatly drawn and clearly labelled time diagram. Upload an image or pdf file containing your time diagram.
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The number of additional months to repay the loan is
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