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For how long will Sarah have to make payments of ​$147.00 at the end of every...

For how long will Sarah have to make payments of ​$147.00 at the end of every three months to repay a loan of ​$3347.00 if interest is 5​% compounded quarterly​? State your answer in years and months​ from 0 to 11​ months

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Answer #1

Hence it will take 6 years 9 months (26.96/4=6.74 means 6 years 9 months (0.74*12))

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