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1.Let us calculate the number of periods. Suppose you owe $14,700 on your credit card with 0.9 % interest. If you are making payments of

1.Let us calculate the number of periods. Suppose you owe $14,700 on your credit card with 0.9 % interest. If you are making payments of $500 a month, how long will it take for you to pay off this credit? Show steps.

2. What is perpetuity? What is Annuity?

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