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Problem 7-10 You have graduated from college but unfortunately have $38,000 in outstanding fool. The loans require payments of $3.40 per year, which covers Interest

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Problem 7-10 You have graduated from college but unfortunately have $38,000 in outstanding fool. The loans require payments of $3.40 per year, which covers Interest and principal repayment (that is, the loan has the same basic features as a morte). If the Interest rates 4 percent, how long will it take you to repay the debt? Ute Appendix D to answer the question Round your answer up to the next whole number er the powers that berate the rate to a percent, how many dotional years will be required to retire the Joona? Use Appendix to answer the question. Round your answer up to the next whole number

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