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7 February, 06:29

You make a $15 payment on your loan of $500 at the end of each month

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  1. 7 February, 10:28
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    2.8 years or 33.6 months.

    Step-by-step explanation:

    I am not sure what your questions is, but I assume it is how long it will take to pay it off?

    In a year (15*12,) you would have paid $180 of it.

    x = 500/180

    Therefore, it will take you approximately 2.8 years to pay off your loan, excluding interest, of course, since you did not provide that rate.
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