Brynn borrows 17000 from the bank at an annual interest


Brynn borrows $17,000 from the bank at an annual interest rate of 6% compounded monthly. She decides that she can make monthly payments of $250. How long will it take until she pays off the loan? (You are not permitted to individually calculate month after month.)

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Financial Management: Brynn borrows 17000 from the bank at an annual interest
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