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3. You loaned your brother a substantial amount of money and are working out a payment system. Youve mutually agreed to a repayment schedule of

3. You loaned your brother a substantial amount of money and are working out a payment system. Youve mutually agreed to a repayment schedule of $400 per month. You will change 1 percent per month interest on the overdue amount. If the current balance $20,000, how long will it take for the account to be paid off?

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