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Your company has received a $ 5 0 , 0 0 0 loan from an industrial finance company. The annual payments are $ 6 ,

Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9 percent interest per year, how many loan payments must the company make?
a)19
b)13
c)12
d)15
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