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(1 point) (Exercise 5.22) A borrower takes out a loan of $4200 for 12 years at 14% convertible semiannually. The borrower replaces one third of
(1 point) (Exercise 5.22) A borrower takes out a loan of $4200 for 12 years at 14% convertible semiannually. The borrower replaces one third of the principal in a sinking fund earning 10% convertible semiannually and the other two thirds in a sinking fund earning 12% convertible semiannually. Find the total semiannual payment. ANSWER =$
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