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Jacob obtained a loan of $42,500 at 4% compounded quarterly. How long (rounded up to the next payment period) would it take to settle the

Jacob obtained a loan of $42,500 at 4% compounded quarterly. How long (rounded up to the next payment period) would it take to settle the loan with payments of $2,810 at the end of every quarter?

_______year(s) _____month(s)

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