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Please solve in Excel solutions. Binford Tools has been paying $5,650 at the end of every 3 months on a long-term debt of $203,000. If
Please solve in Excel solutions. Binford Tools has been paying $5,650 at the end of every 3 months on a long-term debt of $203,000. If this debt has generated interest at 7.4% compounded monthly, how long ago (in years and months) did they start paying it? year(s) month(s) Round up to the next payment period
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