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You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $5,500 with low monthly payments of

You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $5,500 with low monthly payments of $140 per month. If the interest rate on the loan is an APR of 15.8 percent compounded monthly, how long will it take for you to pay off the loan

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