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Posted on Sep 20, 2024

John takes out a loan of $ 8 7 0 0 that charges 1 0 % interest compounded monthly. If John makes $ 1 5

John takes out a loan of $

8700

that charges

10 %

interest compounded monthly. If John makes $

150

monthly payments, determine how long it will take him to pay off the loan. Round your answer up

.

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