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You lent $11,500 to a friend to help start a business. You have mutually agreed to a repayment schedule of $500 per month. You will
You lent $11,500 to a friend to help start a business. You have mutually agreed to a repayment schedule of $500 per month. You will charge 1.25 percent per month interest on the loan. How long will it take for your friend to repay you? Report your answer in number of months
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