Question: A $ 7 0 , 0 0 0 loan is to be repaid by payments of $ 1 2 2 5 at the end of

A $70,000 loan is to be repaid by payments of $1225 at the end of each month. Interest is 7.4% compounded monthly.
a) How many payments will be made? [5 points]
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A $70,000 loan is to be repaid by payments of $1225

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