A firm recently purchased a new facility costing 933, Financial Management

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A firm recently purchased a new facility costing 933

A firm recently purchased a new facility costing $933 thousand. The firm financed this purchase with an amortized loan at an interest rate of 9.6 percent APR, with monthly payments of $18.4 thousand. How long will it take to pay off this loan? (Enter answer in months, accurate to two decimal places.)

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Financial Management: A firm recently purchased a new facility costing 933

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Financial Management: A firm recently purchased a new facility costing 933

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