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1. Macdonald Restaurant borrows $46,825 from the bank for office equipment. The company agrees to make semiannual payments for 7 years at 8% per year.

1. Macdonald Restaurant borrows $46,825 from the bank for office equipment. The company agrees to make semiannual payments for 7 years at 8% per year. Find the amount of the semiannual payment

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