A building is priced at $100,000. If a down payment of S40,000 is made, and a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is...

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Extracted text: A building is priced at $100,000. If a down payment of S40,000 is made, and a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly. ieff = (two decimal) N (no. of months to pay) = ? %3D