Jennifer wants to borrow $20,000. Her bank offers a 7. 1% interest rate. She can afford $500 a month for loan payments. What should be the length of her loan to the nearest tenth of a year?.

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02-12-2022
Business

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Jennifer wants to borrow $20,000. Her bank offers a 7. 1% interest rate. She can afford $500 a month for loan payments. What should be the length of her loan to the nearest tenth of a year?.

Sagot :

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