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A $558,500.00 loan is to be repaid by monthly payments of $18,500.00. If the interest rate on the loan is 4.70% compounded semi-annually, what is

A $558,500.00 loan is to be repaid by monthly payments of $18,500.00. If the interest rate on the loan is 4.70% compounded semi-annually, what is the term of the loan? Round your answer to 2 decimal places.

___ years

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