Question: please answer this now Company B has a P5M loan for a new security system it just bought. The annual payment is P444,000 and the

please answer this now Company B has a P5M loan for

please answer this now

Company B has a P5M loan for a new security system it just bought. The annual payment is P444,000 and the interest rate is 8% per year for 30 years. Your company decides that it can afford to pay P500,000 per year. After how many payments (years) will the loan be paid off

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