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3. Your new business project requires an mmediate investment of $100,000. The bank offers you a 10-year loan, to be repaid semiannually, at an annual

3. Your new business project requires an mmediate investment of $100,000. The bank offers you a 10-year loan, to be repaid semiannually, at an annual rate of 7% (APR). How much will you reimburse every 6 months? (5 points

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