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Sallie wants to buy a car for $20,000. She has saved $3,000 and Bendigo Bank will give her a loan for the remainder of the

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Sallie wants to buy a car for $20,000. She has saved $3,000 and Bendigo Bank will give her a loan for the remainder of the price at 6% pa interest rate compounded monthly. If she borrows the funds from Bendigo Bank and pay 5525 per month how many years will it take her to pay back the loan? (Show answer correct to two decimal places.)

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