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. 
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About 184 months, 15 yrs, 4 months!
:
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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And she would pay about $2000 less interest