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Erin obtained a loan of $30,000 at 5.5% compounded quarterly. How long (rounded up to the next payment period) would it take to settle the
Erin obtained a loan of $30,000 at 5.5% compounded quarterly. How long (rounded up to the next payment period) would it take to settle the loan with payments of $2,810 at the end of every quarter? year(s) month(s)
Express the answer in years and months, rounded to the next payment period
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