Question: The Wilson Company is considering the purchase of a new warehouse. Wilson can borrow $78,000 from the bank to make the purchase. He will

The Wilson Company is considering the purchase of a new warehouse. Wilson can borrow $78,000 from the bank to make the purchase. He will be required to make monthly payments of $2,234. How long will it take to fully repay the loan if the annual interest rate is 12%?

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