Having finally entered the working world, Troy took out an $863,000 loan at 3.60% interest compounded quarterly. His loan was repaid with $2,000,000. For how many years was the loan taken out? a....



Having finally entered the working world, Troy took out an $863,000 loan at 3.60% interest compounded quarterly. His loan was repaid with $2,000,000.



For how many years was the loan taken out?






a.
23.38 years




b.
93.81 years




c.
281.42 years




d.
23.45 years






Jun 08, 2022
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