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Huntington Realty would like to buy some additional land and construct a new office building. The total cost is $20 million. The company has to

Huntington Realty would like to buy some additional

land and construct a new office building. The total cost

is $20 million. The company has to take out a loan for

the entire project. The company can afford to make

monthly payments of $290,000. The interest rate on

the loan is 7 percent compounded monthly. How many

months will it take to pay off the loan?

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