How long will have to make the payments

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Reference no: EM132735725

Gela will make payments of $50 at the end of every month to settle a loan of $800 at 4.20% compounded semi-annually that he received to purchase a television.

Problem a. How many deposits will he have to make?

Problem b. How long will he have to make these payments?

Reference no: EM132735725

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