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How long will it take for you to pay off the loan

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You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,000 with low monthly payments of $85 per month. If the interest rate on the loan is an APR of 15.2 percent compounded monthly, how long will it take for you to pay off the loan?

Reference no: EM132347934

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