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Please show work. You just received a loan offer from Friendly Loans. The company is offering you $5,000 at 9.3 percent interest. The monthly payment
Please show work.
You just received a loan offer from Friendly Loans. The company is offering you $5,000 at 9.3 percent interest. The monthly payment is only $100. If you accept this offer, how long will it take you to pay off the loan? O 5.84 years O 5.29 years O 6.80 years O 6.33 years O 7.59 yearsStep by Step Solution
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