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6 April, 02:00

Patty borrows $12,000 to pay for university tuition. The interest was compounded quarterly with and had a 9.04% interest rate. She made monthly payments of $450. How long would it take Patty to repay the loan?

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  1. 6 April, 04:42
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    It will take 35 more payments or 2.9 months to pay off the loan
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