You have just borrowed $30,000 from the Satisfaction Auto Corp. to purchase a new cat. You will be making monthly payments of $650. Your interest rate is 6 percent compounded monthly. How long will it take you to pay off the loan? Mutigle Choice 4615 Months 542 Months 54.03 Months 52.6 Monthe Ronnie wants to borrow $230,000 to buy a house. His bank is offering a 30-year loan that requires monthly payments with an interest rate of 8.0% compounded monthly. What would Ronnie's monthly payment be on this loen? Mulliple Chaice 515883 5+8,400 5178766 $20,43031