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You borrowed 55,000 at 7% compounded annually. Your payments are $1,219.45 at the end of each year. How many years will you make payments on

You borrowed 55,000 at 7% compounded annually. Your payments are $1,219.45 at the end of each year. How many years will you make payments on the found? a. 7 years b. 5 years c. 4 years d. 6 years

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