You just received a loan offer from Friendly Loans.The company is offering you $5,000 at 14.3 percent interest.The monthly payment is only $100.If you accept this offer,how long will it take you to pay off the loan?
A) 5.84 years
B) 6.37 years
C) 6.80 years
D) 7.33 years
E) 7.59 years
Correct Answer:
Verified
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