Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount...
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Finance
Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 4.89% compounded semi-annually. If the company makes payments of $1,800 at the end of every month, how long will it take to settle the loan?
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