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3- While you were a student in college, you borrowed $12,000 (student loan) at an interest of 8 % compounded annually. If you repay $1,500

3- While you were a student in college, you borrowed $12,000 (student loan) at an interest of 8 % compounded annually. If you repay $1,500 per year, how long will it take to repay the loan? (not an excel sheet)

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