How many payments will he need to make to pay off the loan

Reference no: EM1344115

A guy borrows $9700 and wants to repay it $750 every six months with the first payment in 6 months. If the loan terms are 6% APR with semiannual compounding, how many payments will he need to make to pay off the loan? How do I evaluate this when my answers are in quarters?

Reference no: EM1344115

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