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Time to repay installment loan Personal Finance Problem Mia Salto Wishes to determine how long it will take to repay a $17,000 loan given that

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Time to repay installment loan Personal Finance Problem Mia Salto Wishes to determine how long it will take to repay a $17,000 loan given that the lender requires her to make annual end-of-year installment payments of $4,077 a. If the interest rate on the loan is 14%, how long will take for her to repay the loan fully? b. How long will take if the interest rate 11%? c. How long will take if she has to pay 18% annual Interest? d. Reviewing your answers in parts a, b,and , describe the general relationship between the interest rate and the amount of time it will take Mia to repay the loan fully is to se bar for that M

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