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Donatello just graduated with a Ph.D. in Millenials Studies. Huzzah! Unfortunately, that Ph.D. came with a $60,000 student loan and the payments start next month.

Donatello just graduated with a Ph.D. in Millenials Studies. Huzzah! Unfortunately, that Ph.D. came with a $60,000 student loan and the payments start next month. The APR on the loans is 7% and requires payments of $500 per month. At this rate, how long will it be (in years) before the loans are paid off? (NOTE: Convert your answer to years and round to 2 decimal places)

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