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(Annuity number of periods) You've just bought a new flat-screen TV for $3,400 and the store you bought it from ollers to let you finance the entre purchase at an annual rate of 15 percent compounded monthly. If you take the financing and make monthly payments of $110, how long wil it take to pay off the loan? How much will you pay in interest over the Ife of the loan? a. The number of years a will take to pay off the loan is years. (Feund to cone decimal place.)