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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?

User Mikelplhts
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2 Answers

5 votes

Answer:

5.5 years

Explanation:

User Abdur Rohman
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2 votes

Answer:

The length of the loan will be about 5.5 years

User Fnery
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