Question
Shaunta borrowed $50,000 To pay for education and living expenses during the time she attended college. She chose not to work part time during her
Shaunta borrowed $50,000 To pay for education and living expenses during the time she attended college. She chose not to work part time during her school years to help pay the costs. As a result starting a family after graduation, she can only afford $250 monthly loan payment. Her total payments when she completes paying for the loan will be $107,500.
How many years will it take to pay her debt?
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