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SAM Metal Works, Inc. borrowed $ 1 0 , 0 0 0 from its bank at an interest rate of 8 % and will make

SAM Metal Works, Inc. borrowed $

10, 000

from its bank at an interest rate of

8 %

and will make quarterly payments of $

1, 000 .

How many payments will it take SAM Metal Works to repay the borrowed money? Round to the nearest whole number.

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