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John financed $350,000.00 at 4.75% and paid $3.743.25 per month. How long (months) will it take him to pay the loan off? How long (months)

  1. John financed $350,000.00 at 4.75% and paid $3.743.25 per month.
    1. How long (months) will it take him to pay the loan off?
    2. How long (months) will it take him to pay the loan off if he makes quarterly payments of 5,998.55?
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P/Y N 1/Y PV PMT FV Problem # P/Y N 1/Y PV PMT FV Problem # 6b

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