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A debt of $7000 is repaid by making payments of $198. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments

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A debt of $7000 is repaid by making payments of $198. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments have to be made? A. 167 months B. 55 quarters C. 56 months OD. 168 months

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