Multiple Choice
A college student receives an interest-free loan of $8,250 from a relative. The student will repay $125 per month until the loan is paid off. After how many months will the student owe $5,000?
A) after 2.6 months.
B) after 26 months.
C) after 40 months.
D) after 28 months.
E) after 23 months.
Correct Answer:
Verified
Correct Answer:
Verified
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