​(Annuity number of​ periods) How long will it take to pay off a loan of
​$55,000
at an annual rate of
9
percent compounded monthly if you make monthly payments of
​$750​?
Use five decimal places for the monthly percentage rate in your calculations.
Question content area bottom
Part 1
The number of years it takes to pay off the loan is
enter your response here
years. ​(Round to one decimal​ place.)