Berkley Trucking recently purchased a new truck costing $147,800. The firm financed this purchase at 7.6 percent interest with monthly payments of $2,100. How many years will it take the firm to pay off this debt?
A) 6.50 years
B) 6.67 years
C) 7.48 years
D) 7.60 years
E) 7.79 years
Correct Answer:
Verified
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