A 20-year loan is amortized by payments of $1200 made at the end of each month. If
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A 20-year loan is amortized by payments of $1200 made at the end of each month. If the interest rate is 4% compounded semi-annually, what is the loan principal?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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