How long will it take for monthly payments of $740 to repay a $100,000 loan if the interest rate on the loan is:
a. 7.5% compounded annually?
b. 7.5% compounded semiannually?
c. 7.5% compounded quarterly?
d. 7.5% compounded monthly?

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The Answer of How long will it take for monthly payments of $740 to repay a $100,000 loan if the interest rate on the loan is:
a. 7.5% compounded annually?
b. 7.5% compounded semiannually?
c. 7.5% compounded quarterly?
d. 7.5% compounded monthly?

How Long Will It Take for Monthly Payments of $740