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Suppose your friend Paul is considering buying a new Honda Accord. He is going to make monthly payments (at the end of each month) of
Suppose your friend Paul is considering buying a new Honda Accord. He is going to make monthly payments (at the end of each month) of $557.08 on a loan of $28,000. If the annual percentage rate is 7.20%, how long in years is the loan for?
Please show work using formula.
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