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Problem #2: If no payments are made, a loan of amount $27000 would increase to $30554.67 after 2 years of monthly compounding interest. If instead,
Problem #2: If no payments are made, a loan of amount $27000 would increase to $30554.67 after 2 years of monthly compounding interest. If instead, payments of $450.02 are made at the end of each month, how many years would it be until the loan is paid off? Problem #2: Answer rounded to the nearest integer number of years. Just Save Submit Problem #2 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #2 Your Answer: Your Mark
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