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A man decides to pay $250 per month at 5%/a compounded monthly to pay off a $25 000 loan. After 2 years, he is making

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A man decides to pay $250 per month at 5%/a compounded monthly to pay off a $25 000 loan. After 2 years, he is making a bit more money and decides to increase the monthly payment. If he pays $50 extra per month at the end of each 2-year period, how long will it take him to pay off the loan

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