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Mex, Inc. recently purchased a new machine costing $300,000. The firm financed this purchase at 6% interest with monthly payments of $5,799.84. How many years

Mex, Inc. recently purchased a new machine costing $300,000. The firm financed this purchase at 6% interest with monthly payments of $5,799.84. How many years will it take the firm to pay off this debt?

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