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(Annuity number of periods) How long will it take to pay of a loan of $53,000 at an annual rate of 9 percent compounded monthly

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(Annuity number of periods) How long will it take to pay of a loan of $53,000 at an annual rate of 9 percent compounded monthly if you make monthy payments of $500? Use five decimal places for the monthly percentage rate in your calculations The number of years it takes to pay off the loan isyears. (Round to one decimal place.)

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