Gene's Art Gallery is notoriously known as a slow payer. The company currently needs a loan of

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Gene's Art Gallery is notoriously known as a slow payer. The company currently needs a loan of $27,500 and only one company will take care of them. The terms of the loan call for daily payments of $100. The first payment is due today. The interest rate is 24 percent, compounded daily. What is the time period of this loan? Assume a year of 365 days.