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1 . Catherine took out a 3 - year loan of $ 2 4 , 7 0 0 at a nominal rate of 6 %

1. Catherine took out a 3-year loan of $24,700 at a nominal rate of 6%, compounded principality ide iners prayers by heid at tered or capit in saking thethat earns 5%, compounded semiannually.Cut dipsi as Sp to d in The in depis deposite fro years the sinking(a) Find F.(b) Construct an amortization schedule that traces the progress of the sinking fund balance, the net loan balance, and also the net interest for each half year.

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