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Michelangelo just graduated with a Ph.D. in Alchemy. Huzzah! Unfortunately, that Ph.D. came with a $50,000 student loan and the payments start next month. The

Michelangelo just graduated with a Ph.D. in Alchemy. Huzzah! Unfortunately, that Ph.D. came with a $50,000 student loan and the payments start next month. The APR on the loans is 8% and requires payments of $600 per month. At this rate, how long will it be (in years) before the loans are paid off? (NOTE: Convert your answer to years and round to 2 decimal places)

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