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A loan for $5,000 is to be repaid by payments of $2,000 after 1 year and $X after 2 years. Interest is at 9%p.a compounding

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A loan for $5,000 is to be repaid by payments of $2,000 after 1 year and $X after 2 years. Interest is at 9%p.a compounding monthly. If we use the monthly periodic interest rate, the time intervals for the timeline should be in: Select one: a. Years b. Months c. Quarters d. Half-years

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