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O A debt of$ 1 4 OOO is repaid by making payments of $ 1 5 0 0 . If interest is 9 % compounded

O A debt of$

14

OOO is repaid by making payments of $

1500 .

If interest is

9 %

compounded

monthly, for how long will payments have to be

made

(

)

at the end of every six months?

(

)

at the end of each year?

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