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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
(a) at the end of every six months?
(b) at the end of each year?

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