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Maureen borrowed $7872.00 compounded monthly to help finance her education. She contracted to repay the loan in monthly payments of $328.00 each. If the payments
Maureen borrowed $7872.00 compounded monthly to help finance her education. She contracted to repay the loan in monthly payments of $328.00 each. If the payments are due at the end of month and interest is 5% compounded monthly, how long will Maureen have to make monthly payments? State your answer in years and months (from 0 to 11 months).
Maureen will have to make payments for ____ years and ____ months.
Please answer asap
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