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Question 7 of 7 Some time in the past, a company borrowed $980,000 at 8.00% effective. Since then, they have been making quarterly repayments of

Question 7 of 7 Some time in the past, a company borrowed $980,000 at 8.00% effective. Since then, they have been making quarterly repayments of $32,000. After today's quarterly payment, they still owe $703,858.93. How long ago was the loan taken out? o years Round to two decimal places if necessary

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