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Kimberly will make payments of $150 at the end of every month to settle a...

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Accounting

Kimberly will make payments of $150 at the end of every month to settle a loan of $1,000 at 4.80% compounded semi-annually that he received to purchase a television.

a. How many deposits will she have to make?

Round up to the next whole number

b. How long will she have to make these payments?

years and months

Express the answer in years and months, rounded to the next payment period

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