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How long will it take to pay off a loan

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Reference no: EM132719941

How long will it take to pay off a loan of ?$52,000 at an annual rate of 11% compounded monthly if you make monthly payments of ?$800 ??

Use five decimal places for the monthly percentage rate in your calculations.

The number of years it takes to pay off the loan is?

Reference no: EM132719941

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