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Please anwernthis A $60,000 loan at 12% compounded semiannually is to be repaid by monthly payments of $1000. How long will it take to pay

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Please anwernthis

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A $60,000 loan at 12% compounded semiannually is to be repaid by monthly payments of $1000. How long will it take to pay off this loan? O 7 years and 5 months O 8 years and 4 months O 7 years and 7 months O 8 years and 3 months O 7 years and 6 months

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