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Holden borrows $113,405 from a financial institution with equal end-of-year payments of $18,600. If the annual interest rate is 16%, how long will it take

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Holden borrows $113,405 from a financial institution with equal end-of-year payments of $18,600. If the annual interest rate is 16%, how long will it take for him to pay the loan and its interest back? 25 years 20 years 15 years 10 years

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