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A $515,000.00 loan is to be repaid by monthly payments of $18,050.00. If the interest rate on the loan is 6.80% compounded semi-annually, what is
A $515,000.00 loan is to be repaid by monthly payments of $18,050.00. If the interest rate on the loan is 6.80% compounded semi-annually, what is the term of the loan? Round your answer to 2 decimal places. years
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