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Posted on Aug 04, 2024

Packit Corporation has an $ 8 0 , 0 0 0 note that carries an annual interest rate of 1 0 % . If the

Packit Corporation has an $

80, 000

note that carries an annual interest rate of

10 % .

If the amount of the total interest due on the note is equal to $

8, 000,

what is the duration of the note in months?

2

months

6

months

8

months

12

months

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