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For how long will Douglin have to make payments of $145 at the end of every month to repay a loan of $3410 if
For how long will Douglin have to make payments of $145 at the end of every month to repay a loan of $3410 if interest is 7% per annum compounded annually? State your answer in years and months (from 0 to 11 months). He will have to make payments for year(s) and month(s).
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