You borrowed $30,200 to remodel your kitchen. The interest rate is of the loan is 8.2 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $750 ? a. 47.25 years b. 40.96 years c. 3.41 years d. 3.94 years e. 7.43years