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A kind ( and generous ) relative offers to loan Zach money to purchase a car instead of having him seek traditional financing. The car
A kind and generous relative offers to loan Zach money to purchase a car instead of having him seek traditional financing. The car Zach purchases costs $ Zach agrees to repay his relative by making payments of $ at the end of each year. If relative charges him interest compounded annually, how many years will it him take to repay this loan?
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