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Today you signed loan papers agreeing to borrow 495485 at 9

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Today, you signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How many loan payments must you make before the loan is paid in full?

Answer

a. 29.89

b. 36.00

c. 38.88

d. 40.00

e. 41.03

Reference no: EM13574837

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