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John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14.28 % interest per
John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14.28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?
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