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

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You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the foon is 105 APR (compounded 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 indon to your required monthly payments of $500, or $700 in total ach month How long will take you to pay off the foor? ( We Be careful not to round any intermediate sepsless than a decimal place) The number of months to pay off the town is Round to two decimal places Next

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