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A business needs to take out a loan for $75,000 at 5.5% interest compounded monthly. If the business can afford to make monthly payments of

A business needs to take out a loan for $75,000 at 5.5% interest compounded monthly. If the business can afford to make monthly payments of only $1,000 on the loan, what is the Excel formula to calculate the number of months required to repay the loan completely?

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