[Solved] Joseph buys a Hummer for $ 60000, financi

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Joseph buys a Hummer for $ 60000, financing it with a five-year 7% APR loan paid monthly. He decides to pay an extra $50 per

Joseph buys a Hummer for $ 60000, financing it with a five-year 7% APR loan paid monthly. He decides to pay an extra $50 per month in addition to his monthly payments. Approximately how long will he take to pay off the loan under these conditions?

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