Miriam and Dave want to borrow $25,000 to put an addition on their house. They went over their budget, and they can afford to pay $450 a month. If the
bank offers them a home improvement loan with an APR of 6.3%, what should the length of the loan be so they can afford the monthly payments?

Respuesta :

Answer:

The length of the loan will be about 5.5 years

Answer:

5.5 years

Step-by-step explanation: