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You took out some student loans in college and now owe $9,000. You consolidated the loans into one amortizing loan, which has an annual interest
You took out some student loans in college and now owe $9,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 3% (APR).
If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable.
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