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You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly If you

You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly If you pay an extra $200 per month on the motor home, how many years will it take to pay off the loan? a. 10.3 years b. 11. 5 years c. 12.8 years d. 13.3 years

Please I need the answer with explain how to do it on Calc : BAII

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