How long will it take to pay off loan of 49000 at annual, Financial Management

How long will it take to pay off loan of 49000 at annual

How long will it take to pay off a loan of $49000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $550. Use five decimal places for the monthly percentage rate in your calculations.

The number of years it takes to pay off the loan is ______years.?(Round to one decimal place.)

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Financial Management: How long will it take to pay off loan of 49000 at annual

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