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Rafael receives a loan of P187,900.00 with interest at 7% compounded quarterly.He promises to pay his creditor in full on the day when P262,750.00 will

Rafael receives a loan of P187,900.00 with interest at 7% compounded quarterly.He promises to pay his creditor in full on the day when P262,750.00 will be due.How long does it take for Rafael pay the debt?Show your solutions for 25 points.

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