Ethan and Marissa are shopping for their first car as newlyw…
Ethan and Marissa are shopping for their first car as newlyweds. They determine that they will need to take out a car loan for $8,000 (4.5% APR compounded monthly) in order to afford the purchase. If their monthly payment is $182.43, how long will Ethan and Marissa have to make these payments?