Jane borrowed $20 000 to help finance her BBA at UOIT with no interest until she finishes her education. She starts a job with a local bank immediately after finishing her BBA and contracts to pay her loan in monthly payments of $300 each. If the payments are due at the end of each month and the interest is compounded 4% monthly, how long will Jane have to make monthly payments?

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The Answer of Jane borrowed $20 000 to help finance her BBA at UOIT with no interest until she finishes her education. She starts a job with a local bank immediately after finishing her BBA and contracts to pay her loan in monthly payments of $300 each. If the payments are due at the end of each month and the interest is compounded 4% monthly, how long will Jane have to make monthly payments?

Jane Borrowed $20 000 to Help Finance Her BBA at UOIT