DOC Math RWLO Template Title Placeholder
Upon checking the interest rate for a 60 month new car loan at www.bankrate.com, I find that the rate is now 5.5%. Using the formula from above, I now calculate that it will take me approximately 59.54 months to pay off my loan of $13,000 with monthly payments of $250 and an interest rate of 5.5 ... ................
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