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How much longer will it take monthly payments of $1,000 to pay off a $100,000 loan if the monthly compounded rate of interest on the
How much longer will it take monthly payments of $1,000 to pay off a $100,000 loan if the monthly compounded rate of interest on the loan is 10.5% instead of 9.75%? (Round up the number of monthly payments.) It will take months longer
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