ward23220 ward23220
  • 21-02-2020
  • Mathematics
contestada

Todd takes out a student loan for $25,000. The annual simple interest rate is 7.75%. If Todd will be paying $38,750 in interest alone, how many years is he taking to pay off the loan?

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beingteenowfmao
beingteenowfmao beingteenowfmao
  • 21-02-2020

Answer:

20 years

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