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A loan of $9000.00 was repaid together with interest of $2728.00. If interest was 6.4% compounded quarterly, how long was the loan taken out? (Give
A loan of $9000.00 was repaid together with interest of $2728.00. If interest was 6.4% compounded quarterly, how long was the loan taken out? (Give answer in years and months to the nearest tenth.)
4 years 4 months
3 years 5.8 months
4 years 2 months
3 years 8.8 months
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