Number of paymenta. Tory is offering two repayment plans to Phil for a long overdue loan. Ofler 1 is to receive a visit from an enforcer and the debt is due in ful at once. Offer 2 is to pay bock $4,100 at the end of the year at an intorest rate of 25% unth Phil pays of the loan principal. Phil owes Tony $16,000, How long will it take for Phil to pay of the loan it he taknes offer 22 . How long wit it take for Phin to gay of the ban if he takns cler 2 ? year (Round to two doomel places)