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A debt of $5000 is repaid by making payments of $208. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments

A debt of $5000 is repaid by making payments of $208. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments have to be made? a. 102 months b. 101 months c. 33 quarters d. 33 months

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