If a creditor owes $24,000 and annually pays $3,000, how quickly will the loan be retired if the interest rate is 8 percent annually?

Name: If a creditor owes $24,000 and annually pays $3,000, how quickly will the loan be retired if the interest rate is 8 percent annually?
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If a creditor owes $24,000 and annually pays $3,000, how quickly will the loan be retired if the interest rate is 8 percent annually?​

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The Answer of If a creditor owes $24,000 and annually pays $3,000, how quickly will the loan be retired if the interest rate is 8 percent annually?​

If a Creditor Owes $24,000 and Annually Pays $3,000, How