If instead payments of 32689 are made at the end of each
If no payments are made, a loan of amount $22000 would increase to $26530.90 after 2 years of monthly compounding interest. If instead, payments of $326.89 are made at the end of each month, how many years would it be until the loan is paid off?
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if no payments are made a loan of amount 22000 would increase to 2653090 after 2 years of monthly compounding interest
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