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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 interest of .09
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 interest of .09 per year, how many loan payments must the company make? (Hint: Calculating by hand is difficult, try using a calculator/excel/etc.) Instruction: Round to the nearest whole number. E.g., if your answer is 77.77 , you should type ONLY the number 78 , neither 77.77 , nor 77.8 . Otherwise, Blackboard will treat it as a wrong
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