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Score: 0 of 4 pts 6 of 12 (4 complete) HW Score: 32%, 16 of 5 P6-13 (similar to) Question Help (Annuity number of periods)

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Score: 0 of 4 pts 6 of 12 (4 complete) HW Score: 32%, 16 of 5 P6-13 (similar to) Question Help (Annuity number of periods) How long will it take to pay off a loan of $55,000 at an annual rate of 12 percent compounded monthly if you make monthly payments of $650? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is years. (Round to one decimal place.)

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