Some time in the past, a company borrowed $830,000 at 9.00% effective. Since then, they...
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Accounting
Some time in the past, a company borrowed $830,000 at 9.00% effective. Since then, they have been making quarterly repayments of $36,000. After today's quarterly payment, they still owe $386,695.99. How long ago was the loan taken out? years Round to two decimal places if necessary
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