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(1 point) A farmer buys a piece of land for $41000. The farmer makes a down payment of 5 percent and amortizes the remaining balance

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(1 point) A farmer buys a piece of land for $41000. The farmer makes a down payment of 5 percent and amortizes the remaining balance for 7 years at 8.11 percent compounded semi-annually. What are his semi-annual payments? How much total did the farmer actually pay for the land

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