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A car loan of $21,117.98 is to be repaid with end-of-month payments of $359.15. If interest is 6% compounded monthly, how long is the term
A car loan of $21,117.98 is to be repaid with end-of-month payments of $359.15. If interest is 6% compounded monthly, how long is the term of the loan? State your answer in years and months (from 0 to 11 months).
It will require __ year(s) and ___ month(s) to repay the loan
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