John takes out a loan of $9600 that charges 8% interest compounded monthly. If John...
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John takes out a loan of $9600 that charges 8% interest compounded monthly. If John makes $120 monthly payments, determine how long it will take him to pay off the loan. Round your answer up.John will pay off the $9600 loan after __________months.
John takes out a loan of $9600 that charges 8% interest compounded monthly. If John makes $120 monthly payments, determine how long it will take him to pay off the loan. Round your answer up.John will pay off the $9600 loan after __________months.
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