A debt of $14 000 is repaid by making payments of $1500. If interest is 9% compounded

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A debt of $14 000 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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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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