Mike French wishes to determine how long it will take to repay a loan with initial proceeds of $14,000 where annual end-of year installment payments of $2, 450 are required. How long will it take for him to repay the loan fully If Mike can borrow at annual rates of interest at: 12% 9% 15% Reviewing your answers to the above part, describe the general relationship between the interest rate and the amount of time it will take Mike to repay the loan fully