document.write( "Question 569557: I loaned a friend $6,000.00 she said she would pay me 6% interest. She is paying me back at the rate of $50.00 a month. How long will it take for her to pay me back the principal and interest. \n" ); document.write( "

Algebra.Com's Answer #367362 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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I loaned a friend $6,000.00 she said she would pay me 6% interest.
\n" ); document.write( " She is paying me back at the rate of $50.00 a month.
\n" ); document.write( " How long will it take for her to pay me back the principal and interest.
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\n" ); document.write( "About 184 months, 15 yrs, 4 months!
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\n" ); document.write( "You might want ask her to step it up to $100 a month; that would cut it down to about 72 months which is only 6 years
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\n" ); document.write( "And she would pay about $2000 less interest \n" ); document.write( "

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