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Question 12 6 points Save Answer Your company has a $750,000. loan for a new plasma cutting machine. The interest rate for this loan is

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Question 12 6 points Save Answer Your company has a $750,000. loan for a new plasma cutting machine. The interest rate for this loan is 6% per year compounded annually. Your company will make $60,000 payment at the end of each year, starting the end of this year. How many payments (years) will the loan of $750,000. be paid off? o 21 O 22 23 24 25

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