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Monica had to make payments of $ 1 , 1 2 5 every 6 months to settle a $ 1 6 , 0 0 0

Monica had to make payments of $

1, 125

every

6

months to settle a $

16, 000

loan that she received at

5.32 %

compounded semi

-

annually. How long did it take to settle the loan?

years months

Express the answer in years and months, rounded up to the next month. PLEASE ITS VERY IMPORTANT I HAVE A TEST

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