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If no payments are made, a loan of amount $28000 would increase to $32906.17 after 2 years of monthly compounding interest. If instead, payments of

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If no payments are made, a loan of amount $28000 would increase to $32906.17 after 2 years of monthly compounding interest. If instead, payments of $492.30 are made at the end of each month, how many years would it be until the loan is paid off? 4 Answer rounded to the nearest integer number of years

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