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You are to repay a loan of $3300.00 with repayments of $160.00 every month, with the first repayment being one month after you took out

You are to repay a loan of $3300.00 with repayments of $160.00 every month, with the first repayment being one month after you took out the loan. If interest is charged at j12 = 8.1510% p.a. then the total number of repayments (including any partial payment) is:

a)23

b)24

c)20

d)18

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