8. Louis wants to take out a $14,000 loan with a 6.8% APR. He can afford to pay no more than $400 per month for loan payments.

Question

8. Louis wants to take out a $14,000 loan with a 6.8% APR. He can afford to pay
no more than $400 per month for loan payments. What would be the length
of his loan? Round to the nearest tenth of a year.

Kunduz · Accepted Answer

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