How many years will it take the firm to pay off this debt

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Reference no: EM131056157

Berkley Trucking recently purchased a new truck costing $147,800. The firm financed this purchase at 7.6 percent interest with monthly payments of $2,100. How many years will it take the firm to pay off this debt? (please break down how you figure out the months, along with the complete formula)

Reference no: EM131056157

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