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The Lipa Co . is notoriously known as a slow - payer. It currently needs to borrow $ 2 5 , 0 0 0 and
The Lipa Co is notoriously known as a slowpayer. It currently needs to borrow $
and the terms of the loan call for daily payments of $ The first payment is due today. The interest rate
is compounded daily. What is the time period of this loan?
A years
B years
C years
D years
E years
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