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OpenStudy (anonymous):
5. Again, we are assuming that you are not paying down your loan, and the bank's interest keeps piling on. Being a smart financial planner, you want to figure out how many months it will be until you owe the bank an amount of $100,000.00. Solve for t and show all of your work. $100,000(t)= 62,107.58 100,000¸62,107.58= 1.6101094263 161 Months is this right??
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