Number of payments Tony is offering two repayment plans to Phil for a long overdue loan Offer 1 is to receive a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $3,700 at the end of the year at an interest rate of 16% until Phil pays off the loan principal. Phill owes Tony $10,000. How long will take for Phill to pay off the loan if he takes offer 27 How long will it take for Phil to pay off the loan if he takes offer 27 CO