Homework: 6-1 MyFinanceLab Assignment Score: 0 of 4 pts P6-13 (similar to Save 6 of 12 (6 complete) Hw Score: 28%, 14 of 50 p Question Help C Annuity number of periods) How long will it take to pay off a loan of $48,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $500? Use five decimal places for the monthly percentage rate in your caloulations The number of years it takes to pay off the loan isyears. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Ansiw