A $4,000 loan at 4.8% compounded monthly was settled by a single payment of $5,000 including accrued interest. Rounded to the nearest day, how long after the initial loan was the $5,000 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days.

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The Answer of A $4,000 loan at 4.8% compounded monthly was settled by a single payment of $5,000 including accrued interest. Rounded to the nearest day, how long after the initial loan was the $5,000 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days.

A $4,000 Loan at 4