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A partially amortizing loan of $200,000 is made with 4.55% annual interest. A balloon of $20,000 exists on the loan. If the monthly payments are
A partially amortizing loan of $200,000 is made with 4.55% annual interest. A balloon of $20,000 exists on the loan. If the monthly payments are $2,500, in how many years will the loan be fully repaid? Answer to two decimal places.
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