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Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate

Repaying a Loan

While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.80%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan?

year(s)

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