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1. What is the scheduled loan payment for a $234,678 loan taken out for 13 years at a 14.5% annual interest rate, if interest is

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1. What is the scheduled loan payment for a $234,678 loan taken out for 13 years at a 14.5% annual interest rate, if interest is compounded on a semi-annual basis? How much total interest is paid in 13 years? What is the loan payment if interest is compounded monthly? What is the total interest payment? (20 points)

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