<h3>
Answer:</h3>
7 months
<h3>
Step-by-step explanation:</h3>
After Carter makes his $500 payment, the balance on the loan is -1596.37. We want to find the number of months (m) such that ...
... -1596.37 +250m ≥ 0
... m ≥ 1596.37/250 . . . . add 1596.37, divide by the coefficient of m
... m ≥ 6.4
The least number of months that is more than 6.4 is 7 months.
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<em>Comment on this answer</em>
Carter's loan balance may also be affected by interest charged on the loan amount. We don't expect those charges to be so high as to require an additional month's payment.
Answer: bob will take a while
Step-by-step explanation:
Graphed it should look like this.