Tony is offering two repayment plans to Phil for a long overdue loan

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Score: 0 of 2 pts 12 of 23 (18 complete) HW Score: 78%, 39 of 50 pts P4-24 (similar to) Question Help Number of payments. Tony is offering two repayment plans to Phil for a long overdue loan. Offer 1 is to receive a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $4,500 at the end of the year at an interest rate of 20% until Phil pays off the loan principal. Phil owes Tony $12,000. How long will it take for Phil to pay off the loan if he takes offer 2? How long will it take for Phil to pay off the loan if he takes offer 2? years (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. ? All parts showing Clear All Check