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John will make payments of $150 at the end of every month to settle a loan of $700 at 3.60% compounded semi-annually that he received

John will make payments of $150 at the end of every month to settle a loan of $700 at 3.60% compounded semi-annually that he received to purchase a television.

a. How many deposits will she have to make?

Round up to the next whole number

b. How long will she have to make these payments?

years

months

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