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Posted on Sep 20, 2024

Your business had to borrow $ 8 4 , 0 6 9 . 1 8 to cover some urgent expenses. The loan carries an annual

Your business had to borrow $

84, 069.18

to cover some urgent expenses. The loan carries an annual interest rate of

15 %,

and the monthly payment is $

2000 .

How many years will it take to pay off this loan?

ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER

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