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Jonathan's friend, John, has asked him if he could lend him Rs 500 000 to buy a new car. John promises that he will be
Jonathan's friend, John, has asked him if he could lend him Rs 500 000 to buy a new car. John promises that he will be able to make monthly payments of Rs 10 000 every month. Jonathan is willing to lend John the money at a monthly interest rate of 3%. Help Jonathan find out how long it will take for all the payments to be made
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