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Ms. C took a loan of $150,000 at a rate of 7 percent. She can pay equal installments of $25,000 at the end of each
- Ms. C took a loan of $150,000 at a rate of 7 percent. She can pay equal installments of $25,000 at the end of each year. In how many years she can repay the loan if?
Required: Calculate the approximate number of years over which she can repay the loan amount.
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