Overnight Trucking recently purchased a new truck costing $219,800.The firm financed this purchase at 6.6 percent interest with monthly payments of $2,435.How many years will it take the firm to pay off this debt?
A) 11.04 years
B) 9.22 years
C) 11.60 years
D) 10.23 years
E) 10.42 years
Correct Answer:
Verified
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