Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?
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Home » Mathematics » Frederick needs to borrow $3000 for a down payment on a new car. His uncle decided to loan him the money as a 2.7% loan. Frederick doesn't want to pay more than $243 in interest. How many years does Frederick have to pay back the loan?