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Posted on Jul 30, 2024

Suppose you borrow $ 1 0 , 0 0 0 . If the year - end annual payment is $ 2 , 9 1 3

Suppose you borrow $

10, 000 .

If the year

-

end annual payment is $

2, 913

and the interest rate is

14 %,

how many years will it take you to pay off the loan?

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