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A baker borrows $30,000 at a rate of 7% to make improvements to the bakery's kitchen. The baker plans on making payments of $883.40 every
A baker borrows $30,000 at a rate of 7% to make improvements to the bakery's kitchen. The baker plans on making payments of $883.40 every quarter.
How many years will it take the baker to pay off this loan?
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