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You have borrowed $22,000 at a compound annual interest rate of 15 percent. You feel that you will be able to make annual payments of

You have borrowed $22,000 at a compound annual interest rate of 15 percent. You feel that you will be able to make annual payments of $4,000 per year on your loan. (Payments include both principal and interest.) How long will it be before the loan is entirely paid off (to the nearest year)?

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