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Posted on Oct 06, 2024

You have borrowed $ 1 0 , 0 0 0 . Loan will be paid off in X years with monthly payments of $ 2

You have borrowed $

10, 000 .

Loan will be paid off in X years with monthly payments of $

200

that are to start a month from now. Interest rate is

9 %

compounded semi

-

annually, How long would it take to pay off the loan?

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