Time to repay installment loan Personal Finance Problem Mia Salto wishes to determine how long it will take to repay a $19,000 loan given that the londer requires her to make annual end of year instaliment payments of 54,723 a. If the interest rate on the loan is 14% how long will it take for her to repay the loan fully? b. How long will it take it the interest rate is 11% c. How long will it take if she has to pay 17% annual interest? d. Reviewing your answers in parts a b and c, describe the general relationship between the interest rate and the amount of time it will take Mia to repay the loan fully a Mia can borrow at an annual interest rate of 14%, the amount of time it will take for her to repay the loan fully is years (Round to two decimal places)
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