Joseph buys a Hummer for $60,000,financing it with a five-year 6.5% APR loan paid monthly.He decides to pay an extra $50 per month in addition to his monthly payments.Approximately how long will he take to pay off the loan under these conditions?
A)4 years 10 months
B)4 years 9 months
C)4 years 6 months
D)4 years 4 months
E)5 years

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The Answer of Joseph buys a Hummer for $60,000,financing it with a five-year 6.5% APR loan paid monthly.He decides to pay an extra $50 per month in addition to his monthly payments.Approximately how long will he take to pay off the loan under these conditions?
A)4 years 10 months
B)4 years 9 months
C)4 years 6 months
D)4 years 4 months
E)5 years

Joseph Buys a Hummer for $60,000,financing It with a Five-Year