Due to uncertainty in the interest rate value

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Suppose the amount 207 is paid at the end of each of several equal periods and 0.059 is the interest rate per period, then at the end of these periods, the total amount paid is 951. Find the number of periods; due to uncertainty in the interest rate value, this amount might be non integer: please round it up or down to the closest integer.

Reference no: EM13999144

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