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The Naturalite company has received a $50 000 loan from Wacpac Bank. The annual payments are $5 723.04 payable in advance. If the company is
The Naturalite company has received a $50 000 loan from Wacpac Bank. The annual payments are $5 723.04 payable in advance. If the company is paying 9% interest per year, approximately how many loan payments must the company make?
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