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You have an outstanding student loan with required payments of $500 per month for the next four years. The rest rate on the loan is

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You have an outstanding student loan with required payments of $500 per month for the next four years. The rest rate on the loan is 8% APR (pounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget, you can afford to pay an extra $200 a month in addition to your required monthly payments of $500, 5700 total och month. How long will take you to pay off the loan? (Note: Be careful not to round any intermediate speel decimal places) The number of months to pay of the loan is (Round to ho decimal places)

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