debt payments: If interest is 9% compunded monthly, for how long will payments...?

[Mia87]

I need help . started few days ago with business math and cant solve this problem. So the question is A debt Payment of 20000 is repaid making payments of 3500. If interest is 9% compunded monthly, for how long will payments have to be made

a) at the end of every six month?
b) at the beginning of each year?
c) at the end of every three month with payments deferred for five years.

hope you guys can help me to solve that problem

 

[Deleted member 4993]

I need help . started few days ago with business math and cant solve this problem. So the question is A debt Payment of 20000 is repaid making payments of 3500. If interest is 9% compunded monthly, for how long will payments have to be made

a) at the end of every six month?
b) at the beginning of each year?
c) at the end of every three month with payments deferred for five years.

hope you guys can help me to solve that problem

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