Final answer:
The amount of time you have to pay back a loan depends on factors such as the interest rate, loan amount, and terms of the loan agreement. Without knowing all of these details, it is not possible to determine the exact amount of time. Therefore, the correct answer is 3) Cannot be determined.
Step-by-step explanation:
The amount of time you have to pay back a loan depends on several factors:
- The percentage financial institution charges you for lending you the money
- The amount you're borrowing
- The terms of the loan agreement
Without knowing all of these details, it is not possible to determine the exact amount of time you have to pay it all back. Therefore, the correct answer is 3) Cannot be determined. The time period could range from months to decades depending on these factors.