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One of your customers has just made a purchase in the amount of $29,600. You have agreed to payments of $650 per month and will
One of your customers has just made a purchase in the amount of $29,600. You have agreed to payments of $650 per month and will charge a monthly interest rate of 1.5 percent. How many months will it take for the account to be paid off?
Multiple Choice
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83.12 months
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72.03 months
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34.97 months
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45.54 months
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77.18 months
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