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h3?11 (Annuity number of periods) How long will it take to...

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Finance

h3?11
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(Annuity number of periods) How long will it take to pay off a loan of $47,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $750 ? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is years. (Round to one decimal place)

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