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Joseph buys a hammer for $62,000 financing it with a five year seven. 5% APR long paid monthly. He decided to pay an extra $50

Joseph buys a hammer for $62,000 financing it with a five year seven. 5% APR long paid monthly. He decided to pay an extra $50 per month in addition to his monthly payments proximately. How long will it take to pay off the loan under these conditions, a 47.34 months B 54.39 months C 57.21 months D 50.87 months.

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