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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?

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  • 83.12 months

  • 72.03 months

  • 34.97 months

  • 45.54 months

  • 77.18 months

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