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While you were student in college, you borrowed $40,000, in student loans at an intrest rate of 9 percent, compounded annually. if you repay $7000

While you were student in college, you borrowed $40,000, in student loans at an intrest rate of 9 percent, compounded annually. if you repay $7000 per year, how long to the nearest year, will it take you to repay the loan? image text in transcribed
4. While you were student in college, you borrowed $40,000, in student loans at an interest rate of 9 percent, compounded annually. If you repay $7000 per year, how long to the nearest year, will it take you to repay the loan? ( 10 points)

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