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6. $85,000 I borrow at an interest rate of 8.00% APR compounded continuously with monthly payments of$1 3.00 years from now I 6.00% APR compounded
6. $85,000 I borrow at an interest rate of 8.00% APR compounded continuously with monthly payments of$1 3.00 years from now I 6.00% APR compounded quarterly re-finance the remaining balance @ with the same monthly payments. How long would it take from the original loan date (months) to pay the loan down to a balance of $10,000.00
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