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you have a loan of $ 1 0 0 , 0 0 0 , 6 . 8 8 % intrest, APR of 6 . 9

you have a loan of $100,000,6.88% intrest, APR of 6.92%. You can pay an extra 25%of the minimum monthly payment. So your monthly payments are now $2.289.70. Calculate how long it will take you to repay the loan using the follwing formual
t=log((12\times PMT)/((12\times PMT-P\times APR)))/(log((1+APR/12)^12))
(round answer to one decimal place)

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