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A car loan of $37,821.01 is to be repaid with end-of-month payments of $829.41. If interest is 4% compounded monthly, how long is the term

A car loan of

$37,821.01

is to be repaid with end-of-month payments of

$829.41.

If interest is

compounded

monthly,

how long is the term of the loan? State your answer in years and months (from 0 to 11 months).

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