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Today, Boyd Crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. The first monthly loan payment of $143.84 is due one
Today, Boyd Crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. The first monthly loan payment of $143.84 is due one month from today. How many loan payments must Boyd make before the loan is paid in full? Please show your work.
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