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You have taken an auto loan of $ 5 3 , 8 0 0 from Toyoto. You re prepared to make monthly payments of $

You have taken an auto loan of $

53, 800

from Toyoto. You

re prepared to make monthly payments of $

630,

beginning at the end of this month. How many years will it take to pay off your loan if the car dealer charges

8

percent interest rate?

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