Mia Salto wishes to determine how long it will take to repay a loan with initial proceeds $14000 where annual end-of-year installment payments of $2958 are required.

a. if Mia can borrow at an annual interest rate of 12% how long will it take for her to repay the loan fully?

b. how long will it take if she can borrow at an annual rate of 9%?

c. how long would it take if she has to pay 15% annual interest rate?

d. revealing your answers in part A B and C describe the general relationship between the interest rate and the amount of time it will take me to repay the loan fully