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A loan of $9,000 is repaid by payments of $569 at the end of every three months. Interest is 3% compounded quarterly. How many payments

A loan of $9,000 is repaid by payments of $569 at the end of every three months. Interest is 3% compounded quarterly.

  1. How many payments are required to repay the debt?
  2. What is the size of the final payment?

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