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You just took out a 10-year commercial real estate loan for

You just took out a 10-year commercial real estate loan for your business. The loan amount is $250,000 and the interest rate is 3.5%.

How many periods (months) will it take you to pay off $100,000 of the principal of the loan? Round your answer to the closest whole number.

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Finance Basics: You just took out a 10-year commercial real estate loan for

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