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Lauren is repaying a loan of 100,000 using the sinking fund method. At the end of each year, she pays 7000 into a sinking fund

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Lauren is repaying a loan of 100,000 using the sinking fund method. At the end of each year, she pays 7000 into a sinking fund earning 8%. At the end of year Y, Lauren will have sufficient money in the sinking fund to repay the loan. Calculate Y

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