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You borrow $90,000 to pay college tuition. The loan carries an annual interest rate of 13 percent and requires you to make quarterly payments of

You borrow $90,000 to pay college tuition. The loan carries an annual interest rate of 13 percent and requires you to makequarterlypayments of $3,000. How many payments will it take to pay off the loan? (Answers are rounded up.)

A.

87

B.

17

C.

23

D.

116

E.

20

F.

121

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