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John takes out a loan of $11600 that charges 10% interest compounded monthly. If John makes $130 monthly payments, determine how long it will take
John takes out a loan of $11600 that charges 10% interest compounded monthly. If John makes $130 monthly payments, determine how long it will take him to pay off the loan. Round your answer up. John will pay off the $11600 loan after months.
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