. ﬂ www.mathxlmmetudentJPlayerHomeworkaspx?homeworkld=454884Esaaquestionld=6ﬁﬂushed=1‘alse&oId=4?545?9&oentemln=yes FIN ~320-T2T48-1TEW2-Colllns Homework: 6-1 MyFinanceLab Assignment Score: 0 of 1 pt 4 e of 12 (7 complete] v p H?! Score: 33.33%, 4 of 12 pts IDS-13 (similar to) 55 Question Help ﬂ [Annuity number of periods] HOW long will it take to pay oﬁ a loan of $53,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of
$600? Use ﬁve deoimal places for the monthly percentage rate in your Illoulalions. The number of years it takes to pay oﬁ the loan is ‘3 years. (Round to one decimal place.)
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