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Close Date: Tue, Jan 2 3 , 2 0 2 4 1 1 : 5 9 PM Question 5 of 8 Your bank offers you

Close Date: Tue, Jan 23,202411:59 PM
Question 5 of 8
Your bank offers you a personal loan of $14,000.00 at an interest rate of 5.77% compounded monthly. At the end of the term, interest of $7,558.50 was charged on the loan. Calculate the term of this loan.
years months
Express the answer in years and months, rounded to the nearest month.
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