AN ATKINSON STUDENT WHO BORROWED $7,560 HAS AGREED TO PAY BACK THE...

5. An Atkinson student who borrowed $7,560 has agreed to pay back the loan with monthly payments of $150. If the interest rate is stated as 10% APR monthly compounded, how long will it take to pay back the loan? A) 38.19 months B) 45.57 months C) 50.40 months D) 65.64 months E) 67.89 months