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(Annuity number of periods) How long will it take to pay off a loan of $49,000 at an annual rate of 11 percent compounded monthly

image text in transcribed (Annuity number of periods) How long will it take to pay off a loan of $49,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $450 ? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is years. (Round to one decimal place.)

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