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Maroon Inc. currently owes a balance of $110,438.50 on a $36,000.00 loan. If the loan has an interest rate of 10.50% compounded monthly. How long

Maroon Inc. currently owes a balance of $110,438.50 on a $36,000.00 loan. If the loan has an interest rate of 10.50% compounded monthly. How long has the loan been outstanding? Enter your answer in years, rounding to 2 decimal places.

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