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Homework: Problem Set 2 Score: 0 of 1 pt 4-24 (similar to) 15 of 16 14 complete HW Score: 18.75%, 3 of 16 pts Question

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Homework: Problem Set 2 Score: 0 of 1 pt 4-24 (similar to) 15 of 16 14 complete HW Score: 18.75%, 3 of 16 pts Question Help Number of payments. Tory is offering two repayment plans to Phi for a long overdue loan Offer 1 is to receive a vist from an enforcer and the debt is due in full at once. Ofter 2 is to pay back $4.500 at the end of the year an interest rate of 24% unt Phil pays of the loan principal Philowe Tony $10,000. How long will it take for Pl to pay off the loan if he takes offer 27 How long wil it take for Phil to pay off the loan if he takes offer 2? years (Round to two decimal places)

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