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Mark owes $23,000 at a 6% (based on monthly compounding) rate of interest. The minimum amount that he must pay monthly is $230.69. How much

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Mark owes $23,000 at a 6% (based on monthly compounding) rate of interest. The minimum amount that he must pay monthly is $230.69. How much faster can he pay off this loan if he makes monthly payments of $300.00? 2.54 years sooner 1.68 years sooner 3.45 years sooner 2.79 years sooner 2.93 years sooner

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