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You want to borrow $100,000 and can afford to pay $1,497.75 per month, how long should it take (in months) to pay back this loan

You want to borrow $100,000 and can afford to pay $1,497.75 per month, how long should it take (in months) to pay back this loan at 3.75% annual interest rate?

1. Put in the =PMT function opposite Monthly Payment with 1 (one) as the Term in Months.

Please use excell PMT function to solve this questions

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